ECB is flexible about time horizon of inflation target: Praet

August 31, 2016 7:36 AM

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FRANKFURT Aug 31 The European Central Bank is flexible about the time horizon of its inflation objective as a rigid interpretation of the target could lead to financial instability, ECB chief economist Peter Praet said on Wednesday.

"Our strategy includes important safeguards to prevent an overly narrow and zealous interpretation of price stability from becoming a source of financial instability," Praet, who also sits on the ECB's Executive Board, told a conference in Beijing.

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