Executive board member of the European Central Bank (ECB), Yves Mersch, said the central bank has not yet decided whether the asset purchase program or Quantitative easing (QE) should be increased. Mersch said the governing council is still waiting for economic growth and inflation projections for 2017, which will be announced in conjunction with the monetary meeting next December 3rd.
Said board members will analyze the extent of the impact of QE this time, and just decide to add or not. Discussions will also be called very detailed.
Mersch added the ECB experts are studying all possibilities. And the results of the analysis of the experts will be on menambil decision. But the decision to remain on the board of governors. (pap / Monex)
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