Skip to content
Subscriber Only
Business
Economics

ECB Would Boost QE If Needed on Inflation Risks, Praet Says

Updated on

The European Central Bank is ready to expand or extend its quantitative-easing program if needed as a slump in commodity prices and risks to global economic growth threaten its inflation goal, said Executive Board member Peter Praet.

“Developments in the world economy and in commodity markets have increased the downside risk of achieving the sustainable inflation path toward 2 percent,” Praet told reporters on Wednesday in Mannheim, Germany. “There should be no ambiguity on the willingness and ability of the Governing Council to act if needed.”