EU inflation outlook is still in the balance
The outlook for euro zone inflation is still actual, as European Central Bank rate setter Ardo Hansson revealed on Monday. He added that it was too early to discuss a probable extension of the ECB's money-printing program.
The ECB is going to decide on the future shape as well as duration of its 80-billion euros monthly bond-purchasing scheme in December, when it traditionally issues new inflation as well as growth forecasts.
The Estonian governor, Hansson, who has sometime sided with the hawkish officials of the ECB's Governing Council, told it was still too early to make any conclusion on the outlook for inflation.
He also denied to speculate on any extension of the bond-purchasing program, that’s meant to run until March.
ECB officials need to have a thorough discussion of all nuances of how to go from here to next March. At this stage it’s quite speculative to make a comment on one aspect, which requires a comprehensive approach.