QE 'Has To Be Big' To Work – ECB’s Coeure

FXStreet (Mumbai) - The European central Bank (ECB) board member Benoit Coeure further increased the speculation of a bigger than expected sovereign bond buying program next week through his latest comments on QE.

When asked about QE during an interview for the Irish Times, Benoit Coeure said "the only thing I can say is that for it to be efficient it would have to be big." He further stressed the fact that the ECB has a mandate of price stability and that the bank has to act in a convincing way in order to deliver its mandate. He also stressed the necessity to move Eurozone out of the low growth, low inflation situation before it becomes a trap.