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...
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