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ECB Rate Guidance up for Debate as Praet Focuses on Data

  • Board member says gap between QE and rate hike might be short
  • Faster wage growth still needed for sustainable inflation
Bloomberg business news

Draghi’s Degrees of Dovishness and Nod to the Downside

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The European Central Bank’s top economist has opened up the debate on how long policy makers are willing to hold off from raising interest rates.

Executive Board member Peter Praet signaled that the institution might not wait until “well past” the end of its asset-purchase program -- seen by economists as sometime in 2018 -- if the euro-area economy warrants faster tightening.