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ECB's Noyer emphasizes lack of consent for below-target inflation

FXStreet (Łódź) - ECB Governing Council member Christian Noyer said on Tuesday in a speech before the French Senate that the central bank wouldn't come to terms with inflation holding stubbornly below the 2% objective.

"We do not passively accept at the ECB that inflation is too weak in relation to our target," he stressed.

Noyer remarked that according to estimates Eurozone CPI would grow by approximately 0.6% at the end of 2014.

According to Adam Button from ForexLive, the ECB might not be able to do much more to boost inflation, despite the declarations: "Corporate bonds are on the agenda now but sovereign QE is a tough sell. If it’s blocked, there’s not much the ECB can do besides ‘accepting’ low inflation or badgering governments to do something to stimulate growth."

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