> More from Nowotny: No possibility to expand corporate bond purchases

More from Nowotny: No possibility to expand corporate bond purchases

Friday, 15/12/2017 | 09:56 GMT-0

Further comments by ECB's Nowotny - 15 Dec 2017

Sceptical about corporate bond purchases because focused on very large companies
Not sure overall effect on credit development have been taken into account
Corporate bond purchase porgramme being carried out as planned
Continuity in central banks' communication is necessary
Central bank must make sure it is not behind the curve

Some more general comments from Nowotny. Nothing of note to move markets. Meanwhile, EUR/USD is toying with the 1.1800 level - currently 1.1797. Do be aware that we have some large option expiries at the figure level.