ECB Praet: subdued inflation, yet no deflation

ECB's Praet was hitting the wires and said that deflation risks have disappeared yet inflation will remain subdued.

Key Quotes via RTRS:

• Euro area recovery remains solid, broad-based and resilient, the economy has yet to make sufficient progress towards governing council's aim
• Says in more normal market conditions, the market become "more patient"
• May be better able to evaluate the stimulus that can be expected to come from a purchase plan that is to be executed over a more extended time interval
• Monetary policy impulse that is still necessary to secure a sustained adjustment in the path of inflation in a way that is consistent with our monetary policy aim
• Says in more normal market conditions investors may become "more patient", or, in other words, better able to evaluate the stimulus
• Says we are still some distance away from a sustained adjustment