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No need to act in the short term – ECB’s Nowotny

FXStreet (Mumbai) - The European Central Bank (ECB) member Edwald Nowotny, while speaking to Bloomberg today, played down the urge to do expand the ECB’s QE program by stating that there is no need to act in the short term.

Key Quotes On QE

Prolongation of QE may have a signalling effect. There is room to buy more of the same under QE. ECB could expand into other assets. Any QE expansion will need more thorough examination.

On Inflation

Core inflation rates have been rather stable. The ECB is clearly below its 2% inflation goal. Low oil price means incomes have improved.

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