ECB's Lautenschläger: Monetary policy must get ready for better times

ECB's Executive Board Member Sabine Lautenschläger is crossing the wires, via Reuters, noting that all preconditions for a stable rise in inflation exist.

Key headlines (via Reuters):

• Monetary policy must get ready for better times
• You shouldn’t abruptly stop loose monetary policy, but slowly cut the dose – such a policy has to be reduced gradually
• I am an optimistic doctor who believes in self-healing powers and gladly stops prescribing the medicine sooner rather than later
• Says not too early either. Otherwise, we risk having a relapse
• I am thus optimistic that we can soon turn to the question of an exit. that’s why we need to be ready to act when the time comes
• I am thus optimistic that we can soon turn to the question of an exit.
• We need to be ready to act when the time comes.
• Says a matter of not risking a reaction to a temporary inflation spike – which then might lead to longer, exceptional monetary policy measures