Some comments from ECB officials.
Klaas Knot, ECB Governing Council member and President of the Dutch central bank, said “Inflation has been fairly stable so that provides me with a high degree confidence that actually inflation will pick up and will at some point approach the definition of price stability.”
Francois Villeroy de Galhau, ECB Governing Council member and Bank of France Governor, said “we are making progress on the inflation front… although a bit slower than we had expected.” And, “our policy is on a path to normalization.”
ECB Governing Council member and Bundesbank President Jens Weidmann said in a German newspaper interview that “I personally think that the good economic developments and the inflation forecast would allow a rapid end to the bond purchases.
