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ECB's Hansson: ECB needs to move very gradually in normalisation

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Euro zone inflation will eventually pick up as the economy grows, but the European Central Bank needs to remain patient and remove its stimulus only very gradually, ECB policymaker Ardo Hansson said on Wednesday.The ECB has kept interest rates extremely low and been printing money and buying bonds with it for three years to pump cash into the financial system and help revive inflation. But policymakers are now debating how to claw back that support and whether to wind down its lavish bond purchases later this year."Some people say err on the side of caution; let's wait ...

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First Published: Wed, April 11 2018. 18:14 IST