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Euro zone inflation seems to have bottomed out: ECB's Smets

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09/14/2017 | 09:32am CEST
Smets poses ahead of an interview with Reuters in Brussels

LJUBLJANA (Reuters) - Inflation in the euro zone appears to have bottomed out, European Central Bank policymaker Jan Smets said on Thursday.

Addressing a conference in Ljubljana, Smets also noted that ECB rate-setters decided last week that very easy monetary policy was still needed to bring inflation to the bank's target of just under 2 percent.

"Inflation appears to have bottomed out," Smets, who is also Belgium's central bank governor, said.

The ECB is debating whether and how to scale back its monetary stimulus programme, and a decision on the future of the 2.3 trillion euro (2.07 trillion pounds) scheme is expected in October.

(Reporting By Francesco Canepa and Marja Novak; editing by John Stonestreet)

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