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Euro zone inflation could take longer to rise: Smets

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Euro zone inflation may need more time to rise than anticipated as spare capacity is taking longer to exhaust but the European Central Bank should not accept price growth below its target, Belgian policymaker Jan Smets said. With inflation pressures muted, the ECB has not even started a discussion about revising its monetary policy framework or even its so-called forward guidance, as the current setup serves the currency bloc well, Smets told Reuters in an interview. In a nod to years of rapid growth, the ECB dropped a long-standing pledge last week to increase bond ...

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First Published: Mon, March 12 2018. 17:02 IST