ECB's Praet: ECB is absolutely determined to avoid deflation

In an interview with Publico, ECB’s chief economist Peter Praet stressed the central bank’s commitment to avoid deflation.

Key Quotes:

Absolutely determined to avoid deflation

Very low inflation with economic slack is a dangerous cocktail

Interest rates still in ECB toolbox

ECB not discussing helicopter money

Risks of de-anchoring have increased

Portugal has fundamental long-term growth issues

Will not comment in when Portugal will reach QE limit