Ardo Hansson Predicts Inflation Boost
Ardo Hansson (ECB policymaker) expects Eurozone inflation to improve, considering that ECB’s forecasts reached some relative sustainability and consumer prices pointed at a pick up. But, ECB should remain cautious and prudent in its QE program, he added. Hansson told: "The recent low inflation in the euro area has been the result of a combination of factors". 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".