ECB Nowotny Says QE Not Off The Table

October 10, 2014 Share Print 0

European Central Bank policymaker Ewald Nowotny would not rule out forever a policy of quantitative easing, or printing money to buy government bonds, he said.

“I think there might be (a role for QE) within the limits of our mandate. This is one possible approach – but one has to discuss it in detail, of course,” MNI quoted him as telling reporters in Cambridge, Massachusetts, on Thursday.

Nowotny, a member of the ECB’s policymaking Governing Council and Austria’s national central bank chief, added that while he did “not see at present that we have a specific discussion on QE, I would not rule it out perpetually.”

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.