ECB’s Stournaras Says ‘Far Too Early’ to Discuss QE Tapering
- Bank of Greece chief says ECB accommodative policy to continue
- ECB is still long distance from inflation goal, he says
Greece Banks Now Much Better, Says BOG Head Stournaras
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The European Central Bank has a long way to go to meet its inflation target so it’s “far too early” to discuss the gradual removal of monetary stimulus, Governing Council member Yannis Stournaras said on Friday.
“Of course monetary policy will continue to be accommodating until inflation is at a desirable level, which is 2 percent or slightly lower,” Stournaras, 59, who is also the governor of Greece’s central bank, said in a Bloomberg TV interview with Guy Johnson in Athens. “There is still long distance from this target.”