QE working as intended – ECB minutes

FXStreet (Mumbai) - The European Central Bank (ECB) minutes released today showed “wide agreement” among policymakers that QE is progressing smoothly.

Members believe policy measures are working as intended, however, a strong signal needs to be sent to the national governments in the Eurozone regarding the need for structural reforms. Members also agreed that more focus is needed on a steady course of action and firm implementation of QE.

Members also seem unanimous that there was no need to consider changes in monetary policy, but there was a need for flexibility.