"The recent low inflation in the euro area has been the result
of a combination of factors," Hansson said in a lecture. "Most
of them are of a temporary nature and their impact will weaken
over time.
"Therefore we need to be more patient in achieving our price
stability goal," he said, referring to the ECB's process of
removing unconventional tools and normalizing policy.
Hansson said he took comfort in the relative stability of the
ECB's projections, which has shown an upward path in consumer
prices over the coming years.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa and
Alison Williams)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |