ECB’s Praet: ECB policy will be fully in line with forward guidance

Reuters reports comments from the ECB Chief Economist Peter Praet, as he hosts the AskECB session (Twitter-based Q&A Session) on economic development.

Key Points:

ECB policy will be fully in line with forward guidance.

German wages deal matches ECB baseline scenario for inflation.

Monetary history has shown that keeping prices stable is central banks' best contribution to sustainable economic growth. Completing the banking union is key to the smooth functioning of the Eurozone.

Business cycles are well alive but don't forget that they are affected by structural factors, productivity developments etc.