European Union flags in front of the headquarters of the European Central Bank in Frankfurt am Main, Germany.

Daniel Roland | AFP | Getty Images

European Union flags in front of the headquarters of the European Central Bank in Frankfurt am Main, Germany.

In an interview published on the ECB website Monday, fellow ECB board member and the bank’s chief economist, Peter Praet said that the bank was becoming more optimistic on the economic outlook for Europe.

“Incoming data are making us more confident that the economic expansion will continue to firm and broaden.

“But the important question is whether the adjustment of the path of inflation towards below, but close to, 2% would continue without our expansionary monetary policy,” he said.

Praet said the bank’s current monetary policy stance “remains appropriate”.

Reuters contributed to this report

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