ECB eases policy to achieve inflation target

April 4, 2016 09:58 AM

The European Central Bank is prepared to ease monetary policy further if necessary to prevent low inflation in the euro zone from becoming entrenched, its chief economist said on Monday.

"The prolonged period of low inflation we are in today has increased the risks that inflation misses might become persistent, which would be deeply damaging for the economy," Peter Praet said at an event in Rome.

"This is why we have reacted so forcefully to secure our objective – and will continue to do so in the future if necessary."

About the Author

Francesco Canepa, Reuters