ECB has tools to ensure price stability – ECB’s Praet

FXStreet (Mumbai) - The European Central Bank (ECB) chief economist Peter Praet was on the wires stating again that the bank has more tools (deposit rate cut, more QE) to ensure price stability.

Key Quotes

“Eurozone would have seen deflation and depression if the ECB had not acted”

“Many regions of the world has a problem of misallocation of savings, real estate is one of the main candidates for misallocation of resources”