European Central Bank (ECB) Governing Council member Tuomas Välimäki said on Tuesday that he believes that the ECB's policymakers should wait a bit longer rather than do a premature exit from the current restrictive level, and then, perhaps, have to do a reversal. "I see a clear need to get enough evidence that we are on track," he stressed.
The official added that the rate setters need to avoid declaring victory over inflation prematurely. "It would be better to wait and see how data on wages develop," he noted.
Välimäki also said that a soft landing is his baseline for the euro area but warned that risks to growth are tilted to the downside.