ECB Praet: There are signs that valuations are stretched in specific mkt segments

ECB Preat speaks

• at this stage of the cycle, careful monitoring of the risk – taking channel of monetary policy is important
• there is no evidence of excessive misalignment across asset classes in the euro area right now
• there are signs that valuations are stretched in specific market segments
• incoming data continue to support our confidence that the sustained convergence of inflation to our team will proceed