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ECB to Keep Up Forceful Action on Price Risks, Praet Says

  • Praet concerned inflation expectations to settle at low level
  • ECB Executive Board member gives speech at event in Rome
Updated on

The European Central Bank will keep acting “forcefully,” if needed, to counter the risk of low inflation in the euro area becoming entrenched, Executive Board member Peter Praet said.

“The prolonged period of low inflation we are in today has increased the risks that inflation misses might become persistent, which would be deeply damaging for the economy,” Praet said in a speech in Rome on Monday. “This is why we have reacted so forcefully to secure our objective -- and will continue to do so in the future if necessary.”