ECB's Praet: ECB must be delicate in removing stimulus

Following his presentation at the PensioPlus Financial Seminar, ECB Chief Economist Peter Praet crossed the wires, via Reuters, noting that the ECB doesn't see much evolution on the wage pressure.

Key quotes (via Reuters):

  • Closure of output gap will impact wages, inflation
  • ECB can technically let Greece into QE without IMF
  • ECB must be delicate in removing stimulus
  • Price pressures seen emerging at end of forecast horizon
  • ECB will assess risk balance at June meeting

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