ECB’s Noyer: QE could extend beyond Sep 2016 if necessary

ECB’s Noyer: 

  • ECB ready to go further if needed to meet inflation target 
  • Re-anchoring inflation expectations takes time 
  • ECB QE has had positive effect on inflation expectations 
  • Interest rates will remain low for extended period 
  • QE will continue beyond Sep 2016 if no sustained change in inflation path

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