Bundesbank’s Dombret Says Inflation Recovery ‘Muted’

www.oann.com | 10/26/2014 | Staff
echolea (Posted by) Level 3
FRANKFURT (Reuters) – The European Central Bank’s easy-money policy is “very much justified” because a recovery in euro zone inflation remains muted, Andreas Dombret, a director at Germany’s Bundesbank, said on Monday.

Dombret’s comments suggest the Bundesbank – which has long criticized the ECB ultra-easy policy of massive bond purchases and sub-zero interest rates – would be unlikely to push for an abrupt tightening when rate setters meet again in the autumn.

Signs - Turnaround - Terms - Inflation - Dombret

“The signs of a sustained turnaround in terms of inflation are muted, so far,” Dombret said in a speech...
(Excerpt) Read more at: www.oann.com
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