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"Nothing has been decided on’ additional QE – ECB’s Mersch

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - In an interview with French daily published Sunday, ECB executive board member, Yves Mersch noted that the ECB Governing Council will re-assess the impact of the QE program so far and then accordingly decide on whether additional QE is needed.

    Key Quotes:

    "We will examine the effects of measures taken so far and decide if there is a need for further action or not. The discussion will be very detailed, and it is important that proper preparations are made."

    "(ECB experts) are studying all the options. It is possible that their work could lead to recommendations being made. However, the Governing Council is independent and has sole authority."

    "Nothing has been decided on! The discussion will take place within the Governing Council, not in the public arena."

    On Paris terror attacks, "We are deeply shocked by what happened in Paris. Those atrocious attacks have killed and wounded hundreds of people. We express our solidarity, our compassion, and our sincere condolences to the families and friends of the victims."
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