ECB’s Nowotny says it’s too early to discuss end-date for QE

ECB’s Nowotny speaking to BBG TV 3 Nov

  • ECB took right decision last week
  • economy improving substantially but not there yet
  • QE stock has expansionary impact on markets
  • inflation moving in the right direction
  • wage growth will eventually take off

More of the current ECB mantra, by and large. More hope/biding time than fact.
EURUSD still drifting lower at 1.1641 EURGBP steady at 0.8923 and EURJPY trawling around 132.80 as USDJPY nudges its way higher.       Nowotny — ECB with both hands on the wheel still Article Source

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