ECB's Praet confident of inflation recovery even after QE ends

FRANKFURT: The European Central Bank's chief economist said on Tuesday he was confident inflation in the euro zone will continue accelerating towards the ECB's target of just under 2 percent even after the end of its massive bond purchases.

"The underlying strength of the euro area economy, together with well-anchored, longer-term inflation expectations, provides grounds to be confident that the sustained convergence of inflation will continue in the period ahead, even after a gradual winding-down of net asset purchases," he told an event in Bucharest.