Peter Praet on why the ECB is not ready to tighten
We need to look through the recent surge in inflation
A very substantial degree of mon pol is still needed
Absent of that quantum of support, our progress towards a sustained adjustment, that we see in our projections, could be slower or even stall
ECB is confident that the ongoing economic expansion will continue to firm
There's no reigning in the euro right now. Praet only has one drum and has been beating it consistently recently.
