8 Apr 2015
ECB’s QE impacts already visible – ECB’s Linde
FXStreet (Mumbai) - The European Central Bank (ECB) Governing Council member Luis Linde said that the ECB's asset-buying program is working and will push deflation risks further into the distance.
He added that anchoring inflation expectations is important for the central bank to prevent prices falling further.
He also said that unemployment in Spain - his motherland as he heads the Bank of Spain - will continue edging lower.
His comments came a day after the country sold its short-term debt with a negative yield for the first time, marking a spectacular shift from what was once the heart of the euro zone debt crisis at its darkest hour into a recovery poster boy, as the ECB continues with its QE program.
He added that anchoring inflation expectations is important for the central bank to prevent prices falling further.
He also said that unemployment in Spain - his motherland as he heads the Bank of Spain - will continue edging lower.
His comments came a day after the country sold its short-term debt with a negative yield for the first time, marking a spectacular shift from what was once the heart of the euro zone debt crisis at its darkest hour into a recovery poster boy, as the ECB continues with its QE program.