European Central Bank Governing Council member Jan Smets believes new stimulus measure by the ECB will help to reach 2% inflation target

Market news

7 December 2015

European Central Bank Governing Council member Jan Smets believes new stimulus measure by the ECB will help to reach 2% inflation target

The European Central Bank (ECB) Governing Council member Jan Smets said on Friday that he believes new stimulus measure by the ECB will help to reach 2% inflation target.

"I'm really confident that with these measures taken, we drastically increase the probability of a complete return to what we consider to be price stability," he said.

Smets noted that there were signs of the economic recovery in the Eurozone.

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