ECB governing council member Ardo Hansson said recent low inflation in the euro area has been the result of “a combination of factors.” And, most of these factors are “temporary in nature”. Therefore, impact from these factors will “weaken over time”. Therefore, Hansson said “we need to be more patient in achieving our price stability goal.” Nonetheless, ECB still has to monitor the side effects of policy carefuly.
ECB Hansson: Low inflation in Euro area due to temporary factors
