ECB’s Praet: "A substantial stimulus is still necessary"

European Central Bank (ECB) Chief Economist Peter Praet delivered a newspaper interview on Saturday, highlighting the following:

"A substantial stimulus is still necessary"

"Everyone agrees that we have to make sure that the reduction of the stimulus takes place in an orderly manner, without any excessive shocks"

"If inflation becomes too high, we will react just as ruthlessly as we are now in order to get inflation back on track"