September 14, 2017 / 7:32 AM / in 10 months

Euro zone inflation seems to have bottomed out: ECB's Smets

LJUBLJANA, Sept 14 (Reuters) - Inflation in the euro zone appears to have bottomed out, European Central Bank policymaker Jan Smets said on Thursday.

Addressing a conference in Ljubljana, Smets also noted that ECB rate-setters decided last week that very easy monetary policy was still needed to bring inflation to the bank’s target of just under 2 percent.

“Inflation appears to have bottomed out,” Smets, who is also Belgium’s central bank governor, said.

The ECB is debating whether and how to scale back its monetary stimulus programme, and a decision on the future of the 2.3 trillion euro ($2.73 trillion) scheme is expected in October.

$1 = 0.8412 euros Reporting By Francesco Canepa and Marja Novak; editing by John Stonestreet

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