Markets should not expect ECB to raise asset buys: Mersch
FRANKFURT: Markets would not be right to expect the European Central Bank to increase asset purchases given solid growth and a rising confidence in the rebound of inflation, Executive Board Member stated.
Mersch added, “Seeing it from today, I do not expect that the market would be right to anticipate a further increase in our asset purchases at the end of our program.”
Mersch added that the ECB could increase its growth forecast in December and may also project a more modest drop in inflation for the coming months.
Mersch said adding that the inflation drop, “No-one would be overly surprised if we would again slightly revise upwards our projections for growth.”