130 Views

Expected firmer inflation justifies bond-buy reduction: ECB’s Villeroy

© Reuters. FILE PHOTO --  Governor of the Bank of France de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin© Reuters. FILE PHOTO — Governor of the Bank of France de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin

PARIS (Reuters) – The ECB’s confidence that the rate of inflation will steadily rise toward its target justifies its decision to reduce bond purchases, ECB policymaker Francois Villeroy de Galhau said on Friday.

The ECB said on Thursday it would cut its bond purchases in half from January but also extend the buying program until the end of next year.

“It’s an essential step toward their possible end afterwards, which is justified by our confidence in the gradual convergence of inflation toward our medium-term target of two percent,” Villeroy, who is also the governor of the Bank of France, told an insurance conference in Paris.

sponsoredArticle = ‘div-gpt-ad-1466339494851-0’;

You may be interested

Princeton graduates’ crypto-currency wins backing of big U.S. investors
Cryptocurrency News
317 views
Cryptocurrency News
317 views

Princeton graduates’ crypto-currency wins backing of big U.S. investors

editor - October 27, 2017

© Reuters. Princeton graduates' crypto-currency wins backing of big U.S. investors By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - U.S. investors…

No end in sight for tech giant share gains
Technology News
297 views
Technology News
297 views

No end in sight for tech giant share gains

editor - October 27, 2017

© Reuters. Amazon logo is pictured in Mexico City By Sweta Singh and Nivedita Bhattacharjee (Reuters) - How much bigger…

Exxon Mobil Q3 Earnings Beat Analyst Expectations
Stock Market News
325 views
Stock Market News
325 views

Exxon Mobil Q3 Earnings Beat Analyst Expectations

editor - October 27, 2017

© Reuters. Exxon Mobil Q3 earnings beat analyst expectations. Investing.com - Exxon (NYSE:XOM) Mobil’s financial results came in higher than…