ECB Executive Board member Peter Praet answering questions after his presentation:
- We will likely have negative inflation in the context of falling inflation expectations
- It’s a open question whether we can wait
- If we had interest rate margin we would have cut
- No one knows exactly the effect of unconventional policy
Praet sounding awfully dovish but he’s remaining diplomatic.
Praet may talk with his hands more than BOC Governor Poloz
Update: Praet says inflation forecast will be ‘much lower’ than 0.7% due to oil