Don’t miss the latest developments in business and finance.

ECB's forward guidance has been 'reiterated': Praet

Image
Reuters LONDON
Last Updated : Oct 02 2017 | 10:07 PM IST

By Marc Jones

LONDON (Reuters) - The European Central Bank has "reiterated" its forward guidance, the bank's chief economist Peter Praet said on Monday.

Speaking at an economics conference in London, Praet added the ECB's job wasn't done despite the euro's economic recovery and that a smooth exit from crisis-era policies would only be possible if it kept a tight grip on short-term market rates.

"In a normalisation process you want normalisation process to be orderly... so you must maintain a strong grip on short term rates," Praet said.

(Reporting by Marc Jones, editing by Fanny Potkin)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 02 2017 | 9:58 PM IST

Next Story