ECB's Coeure: QE could be expanded or extended if targets are not met

FXStreet (London) - Speaking at the World Economic Forum in Davos, European Central Bank executive board member Benoit Coeure said that the central bank’s quantitative easing programme announced yesterday could be extended if it does not drive a sufficient rise in inflation.

Speaking to Bloomberg TV, the French economist said that if the programme does not drive inflation towards the inflation target of around two percent as part of the ECB madate, then the programme would have to be expanded or extended, saying the EUR60bn-a-month programme will “in any case be conducted until we see a sustained adjustment in the path of inflation.”