ECB to Signal Future QE Path to Markets in Fourth Quarter – Nowotny


The European Central Bank will signal the future path of its quantitative easing programme in the fourth quarter, ECB governing council member Ewald Nowotny said on Friday, suggesting a decision is unlikely at a meeting in September.

The ECB left rates unchanged on Thursday and ECB President Mario Draghi had left the door open to more policy stimulus pending data releases in September.

“A decision will have to be made in the fourth quarter of 2016 which signals to give the markets about the further development of the (asset) buying programme,” Nowotny told Austria’s APA news agency.

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