September 14, 2017 / 7:32 AM / 9 months ago

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

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

Jan Smets poses ahead of an interview with Reuters in Brussels, Belgium, May 11, 2016. REUTERS/Francois Lenoir -

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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