Nowotny said the ECB must take foot QE gas pedal gradually, not hitting the brakes

ECB’s Nowotny speak Trend magazine 5 Oct

  • in large part agree with Weidmann that we need to think about how to take our foot of the pedal in asset purchases, rather than hit the brakes

  • I guess we’ll begin a cautious deceleration at the beginning of the year to come

  • no longer has the favour of the ECB buying bonds of companies that do not have trouble getting financing on the market

  • The ECB has discussed the restriction of the ico (Initial Coin Offerings

The news was circulating a little while ago, but has had little impact on the euro, given that it is Nowotny of the established position.
EURUSD was already drifting back to 1.1779 session highs and is currently stable at around 1.1760
EURGBP to drift towards 0.8918 after 0.8934 peaks.

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