ECB Praet: Foreward guidance have to be further specified and calibrated

ECB Chief Economist Peter Praet echoed on monetary policy and said it’s too soon to declare “mission accomplished” regarding inflation. Meanwhile, “with the passage of time, the indication that policy rates will remain at their present levels well past the end of net asset purchases will gradually cease to provide sufficient guidance”. He added that “our forward guidance on the path of our policy rates will have to be further specified and calibrated.”