ECB’s Smets: Inflation in EZ may take longer to reach objective - RTRS

The ECB Governing Council member Jan Smets was out on the wires in the past hour, via Reuters, saying that inflation in the region may take longer to reach objective as output gap could take longer to close than anticipated.

Additional quotes:

   •  FX volatility still as much in focus as before 
   •  No discussion on revising guidance in March meeting other than to remove easing bias