Pessimism is holding back recovery – ECB’s Praet

By FXStreet FXStreet (Mumbai) – The European Central Bank (ECB) chief economist Praet was on the wires today stating that pessimism over the long-term growth is holding back economic recovery in the Eurozone.

However, Praet added that cyclical recovery in the Eurozone is progressively taking hold. Praet’s comments few minutes ahead of the ECB accounts, which are expected to show the policymakers are concerned about the low inflation and are ready do more (QE) if required.
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Source:: FX Street