ECB Policy Makers Remain Optimistic Despite Slowdown

Three European Central Bank policymakers stuck with an upbeat assessment of the euro zone economy on Monday, shrugging off signs of a slowdown in inflation and activity.Bank of France governor Francois Villeroy de Galhau and ECB board members Sabine Lautenschlaeger and Peter Praet all said a recent easing of price growth was likely to be temporary, signalling the central bank was still on course to withdraw its monetary stimulus.Villeroy went as far as saying the ECB could soon clarify the timing of its first increase in interest rates since 2011, which he expects to happen “some quarters” after the end of its bond-buying programme.

Source: ECB policymakers stick to upbeat narrative despite slowdown | Reuters

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