Praet gives upbeat assessment of eurozone outlook
Strength of the eurozone economy gives “grounds to be confident” on inflation, chief economist says
The European Central Bank’s chief economist highlighted growing signs of strength in the eurozone economy as he sought to justify the institution’s recent policy actions.
The ECB said on June 14 it would taper its bond purchase programme from €30 billion ($35 billion) a month down to €15 billion a month in September, and then end the programme completely at the end of the year, provided the economy remains on its current track.
In remarks on July 3, Peter Praet said the central bank’s
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