Euronews: Interview Peter Praet, ECB tomorrow

                   

Press release 26.05.2014

Tomorrow on Euronews

Tuesday 27 May at 21:45 CET

Euronews Interview Peter Praet ECB Chief Economist

Maithreyi Seetharaman, Euronews, meets Peter Praet ahead of the ECB meeting on June 5.

On ECB's monetary policy relating to the Eurozone

"We will have to face relatively long period of subdued price pressure, related to weak economy, moderate growth and fragile growth."

Peter Praet explains why the ECB has been taking "a accommodative monetary  policy"

"The context we have now is a more structural sort of pressure on prices which is a result of slack in the economy and so we have been taking accommodative monetary policy. We have done that for example by communicating our assessment about the situation by saying we will have to face relatively long period of subdued price pressure, related to weak economy, moderate growth and fragile growth and we have reacted of course by using our tools - Monetary policy is the interest rates close to zero, but also other tools that we have put in place."

On divergence across the Eurozone

"We have a lot of issues related to what we now call design flaws in the construction in the Eurozone. We have to address them. We are doing that and the banking union is one part of the solution."

Don't miss the full interview of Peter Praet on Euronews: 8 minute interview Tuesday 27 May at 21:45 CET Watch extracts of the interview on You can catch Peter Praet's views on the Eurozone Low Inflation issue and what the ECB can do to address it, on Tuesday 3 June at 10:45 CET.   Maithreyi Seetharaman has 14 years of experience as an economic journalist on four continents. Former presenter and reporter for CNBC Europe and Bloomberg in London and New York, Maithreyi holds two Master's degrees from Syracuse University's Maxwell School of Citizenship and also from Bond University.

For further information, please contact:
Grégoire de Rubiana	Lydie Bonvallet
Director of External Relations	Head of Press and Public Relations
tel. +33 (0)6 60 69 30 34	tel. +33 (0)4 72 18 80 56

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