ECB Nowotny: Future of the purchase program to be discussed in December

Ewald Nowotny, President of the National Bank of Austria and member of the European Central Bank ’s governing council said today at an event in Vienna that the central bank will discussed what to do with the QE program at the next meeting in December. The comments were in line with what Mario Draghi said yesterday after the ECB decided to leave rates and the purchase program unchanged. 

Nowotny mentioned that a Lehman situation is not going to happen gain. He expects inflation in the Eurozone to end 2016 at 0.2% and to rise to over 1.0% during 2017.