ECB economist - Deflation concerns are excessive

Otmar Issing of the European Central Bank said Wednesday that deflation concerns are excessive and that currently, this is like a Pavlovian reflect.

Source: Reuters

European Central Bank Chief Economist Otmar Issing said on Wednesday concerns about deflation are excessive, even in Germany.

While Germany could see a period of declining prices, that would not translate into deflation. "From those events we are miles away," Issing said at a university symposium.

Asked if there is a hysteria over def

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