Germany's next ECB board representative defends stimulus
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FRANKFURT (Reuters) - German economist Isabel Schnabel, who is expected to join the European Central Bank's executive board, defended the bank's most recent stimulus package on Friday, arguing that low inflation justified the move."Given lower inflationary pressure, these decisions can be justified by current inflation data as well as the outlook for inflation over the medium term, which is not yet converging to the objective of below, but close to, 2 percent," she said in written replies to..