Ready to extend asset purchase plan if required – ECB’s Noyer

FXStreet (Mumbai) - The European Central Bank member Noyer said on Tuesday that the bank is ready to go further (extend the asset purchase plan) if it becomes necessary in order to achieve the mandate of 2% inflation target.

The policy maker reiterated that the currency QE program - worth EUR 60 billion per month shall continue through September 2016. He further added that the recent indicators are suggesting that QE has had a positive effect on inflation expectations, however US experience shows re-anchoring inflation expectations take time.