Comments from ECB chief economist Peter Praet
- Overall inflation developments, despite solid growth, have remained subdued
- Investors may become 'more patient', or, in other words, better able to evaluate the stimulus that can be expected to come from a purchase plan that is to be executed over a more extended time interval
- Forward guidance is something we should keep in mind, we reactivated it at our last meeting
- Keeping the central bank portfolio steady at a certain nominal level means that, in relative terms, the fraction of duration risk that is withdrawn from the market tends to fall
Some esoteric stuff from Praet but it has some dovish hints. No reaction from the market.
