Feb. 27 (Bloomberg) -- European Central Bank Executive Board member Peter Praet said the ECB must continue to ensure inflation expectations remain anchored.
“The ECB has to continue earning the confidence we have acquired,” Praet said during a speech today in Berlin. “The ECB has secured price stability.”
Praet said long term inflation expectations are “remarkable, in that they have remained very well anchored around two percent.”
The ECB’s chief economist added that “there’s a risk that monetary policy becomes overburdened. That has to be counteracted.”
To contact the reporter on this story: Jeff Black in Frankfurt at email@example.com
To contact the editor responsible for this story: Brian Parkin at firstname.lastname@example.org