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.