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ECB's Tumpel-Gugerell Says No Deflation Risks Seen in Euro Zone |
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European Economy |
Written by CEP News |
Apr 29 09 11:31 GMT |
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(CEP News) Frankfurt - European Central Bank Executive Board member Gertrude Tumpel-Gugerell said the ECB does not see deflation risks in the euro zone and that inflation expectations "are still in line" with its inflation target of "close to, but below 2%".
Speaking in an interview with German daily Badishe Neuste Nachrichten published on Wednesday, Tumpel-Gugerell also said the central bank and European governments were doing all they can to fight the crisis and that conditions "are in place for an economic recovery". The policy-maker also noted that rate cuts take time to work their way into the markets. Written by CEP News European Staff,
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