OctaFX | OctaFX Forex Broker
Open trading account

ECB can alter QE – ECB’s Praet

FXStreet (Mumbai) - The European Central Bank (ECB) member Praet reiterated today that the bank can alter its QE program – size, composition, duration.

The policymaker also stated that the ECB will play its part in recovery as long as needed, but other policymakers (referring to governments) have to address recovery hurdles as well.

Earlier today, ECB’s Nowotny and Jazbec had played down the need to do more (QE) in the short-term. The single currency, which had strengthened on their hawkish comments, is back in the red after Praet’s comments ahead of Draghi’s speech.

Norges Bank to cut rates, NOK seen stronger in 12-m – Danske Bank

According to analysts at Danske Bank, the Norges Bank could cut its benchmark rates by 25 bp at its meeting tomorrow, while NOK is expected to pick up pace by end 2016...
Read more Previous

Will adjust QE program as appropriate if necessary – ECB’s Draghi

The European Central Bank (ECB) President Mario Draghi, in his introductory remark at the Econ hearing, reiterated that the bank stands ready to alter the size, duration or composition of its current QE program if necessary.
Read more Next
Start livechat