That’s quite the ‘if’ to add to the statement, so it doesn’t really tell us anything.

  • Does not expect to get to the 2% inflation target earlier than at the end of 2016
  • Too early to say what QE would entail
  • Does not expect low price growth to change in nearest quarters
  • Not necessary to have 19 eurozone members if a country doesn’t want to stick to the rules [on Greece]

Slovakia’s central bank head Jozef Makuch was confirmed for a second term today. He also spoke earlier today and made similar comments.