'No taboos' for ECB when tackling weak inflation: chief economist

European Central Bank's chief economist Peter Praet, pictured during an interview in Frankfurt, GermanyThere are “no taboos” for the European Central Bank when it comes to finding ways to push up the chronically low level of inflation in the euro area, the ECB’s chief economist Peter Praet told AFP in an interview. “There are no taboos,” Praet said, pointing among other issues on the table to the ECB’s contested bond purchase programme, known as quantitative easing or QE. There is a growing risk that inflation in the eurozone will not return to levels conducive to healthy economic growth by 2017, as initially forecast, Praet admitted.

Share this article