18 Feb 2015
We should be able to reach our inflation target by autumn 2016 – ECB’s Noyer
FXStreet (Mumbai) - Speaking to lawmakers in the lower house of the French Parliament today, Bank of France Governor and European Central Bank (ECB) Governing Council member Christian Noyer said that the central bank's recent quantitative easing (QE) program has an appropriate size to ensure that euro zone inflation returns to its target of close to but less than 2% in the second half of 2016.
Key Quotes:
"We are convinced that the purchase program will allow us to reach this objective because it is of considerable size,"
"If everything goes well, our conviction is that we should be able to reach our target by autumn 2016 or a little after autumn 2016,"
"Depending on the progress by then, we can adjust our asset purchases more or less."
Key Quotes:
"We are convinced that the purchase program will allow us to reach this objective because it is of considerable size,"
"If everything goes well, our conviction is that we should be able to reach our target by autumn 2016 or a little after autumn 2016,"
"Depending on the progress by then, we can adjust our asset purchases more or less."