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QE to last until inflation close to target – ECB’s Nowotny

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The European Central Bank (ECB) member Nowotny, while speaking in Zurich, dropped a hint at a possible open ended QE program by saying that the QE program will continue until inflation is closer to target.

    The bank intends to run its program till September 2016, however, Draghi last week opened doors for extension/expansion of the QE program.

    Key Quotes

    Having equal interest rates across bloc is not an ECB goal

    Currently not worried about perspective of high inflation

    Inflation expectations remain low

    QE will last at least until inflation close to target

    Policy normalisation will be challenging
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