ECB's Praet: Normalisation of central bank instruments is not akin to policy tightening

Comments from ECB's Peter Praet in Frankfurt

• Expects key rates to remain at present levels through the summer of 2019

Very little of note by Praet in his speech. In short, he doesn't want to talk up raising rates in the summer as a big step in tightening monetary policy. The full presentation of his speech can be found here.