ECB Needs More Evidence Before Deciding To Cut Stimulus, Jazbec Says

www.oann.com | 9/14/2017 | Staff
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LJUBLJANA (Reuters) – European Central Bank policymakers need more economic evidence before they decide whether and how to reduce their monetary stimulus programme, ECB rate-setter Bostjan Jazbec said on Thursday.

After buying more than 2 trillion euros ($2.38 trillion)worth of bonds since 2015, the ECB is expected to announce next month it will slow the pace of its purchases, since economic growth is accelerating and inflation is stable, albeit sluggish.

Governor - Jazbec - Euro - Zone - Performance

Slovenian governor Jazbec highlighted the euro zone’s positive economic performance and said a decision was now inevitable. But he added policymakers were waiting for more economic data to confirm that inflation was indeed heading towards its mandated target of almost 2 percent.

“We are still closely monitoring all developments, which are clearly going the way we expected,” Jazbec said in response to a question about the bank cutting its bond purchases.

Decision - Week - Meeting - Developments - View

No decision was made at last week’s meeting, he said, “mainly because developments are in our view still not confirming the decision, which...
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