Not sure this got a run on site, so posting it now
(note, overnight press, this is not fresh news)
Sabine Lautenschlaeger, member of the European Central Bank Executive Board and formerly of the German Bundesbank. Remarks reported in the Wall Street Journal:
- The ECB "must get ready for better times,"
- "I am...optimistic that we can soon turn to the question of an exit"
- "All preconditions for a stable rise in inflation exist," Ms. Lautenschlaeger said. The ECB shouldn't wait "until the last doubt about the return of inflation has been dispelled."
For more, the Journal article is here, may be gated:
ECB's Lautenschlaeger 'Optimistic' Exit of Bond-Purchase Program Is Near
Says European Central Bank needs to be ready to exit easy-money when time comes
Lautenschlaeger's comments contrast with ECB President Draghi, who last week said that an 'exit' from QE had not been discussed at the policy meeting. Then again, it wouldn't be the first time a German official was a bit more gung-ho about cutting back on monetary policy accommodation.
