Long term failure to hit price stability goal could justify QE says Nowtny

• Will ensure ECB policy does not become restrictive
• A shrinking balance sheet would be problematic
• Q1 inflation will probably decline and be driven by energy price

He also said that QE won’t come without conditions and that the risk of a eurozone collapse has been averted

Is Nowotny and his ECB colleagues walking on thin ice with delaying QE?