Pretre, European Central Bank executive council and chief economist, said on Monday that it would not stop investing in the euro zone's economy until the bank was convinced that inflation would move toward its goal without additional assistance from the bank.

In response to some of the interest rate decision officials calling for a cessation of the stimulus package, Price said in response. He is one of the designers and promoters of the European Central Bank's 2.55 trillion euros ($ 3.17 trillion) debt-seeking program, which is accused of creating a bubble in the real estate and bond markets.

Pret pointed out that before making such a decision, the ECB needs to be convinced that inflation is heading towards a target level of nearly 2% and can withstand the impact of the lifting of stimulus measures.

"Once the management committee concludes that the three criteria for continuous adjustment have been met, the net worth purchase program will come to an end, in line with our policy guidelines," Prelat said at a Brussels event.

At the same time, he added, the ECB has yet to decide how to end its asset purchase program either gradually or in one go.

He said asset purchases "can be ended immediately or in a more gradual way, and I think this is still one of the issues the CMC needs to discuss."

The ECB confirmed last week that it will continue to buy debt for at least September until the inflation rate falls below its target. The central bank also promised to maintain interest rates at their current lows for a long time after the purchase stops.

<>The European Central Bank will stop buying debt only when it is confident about
<>The European Central Bank will stop buying debt only when it is confident about

 

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