ECB Kocher says Europe economy shows momentum, threats price stability

Martin Kocher, the Governor of the Austrian National Bank and member of the European Central Bank (ECB), said in an interview with Bloomberg that Europe’s economy shows more momentum.

At the Jackson Hole Symposium, he said that the economy has been more resilient than expected and that threats lean towards price stability.

Key highlights:

Important how long-lived inflation proves to be.

There are threats to price stability.

There's ness and no complacency.

The economy was more resilient than expected.

The European economy is showing more momentum now.