Speaks on BFM radio
He adds:
- EU 60B/month is the right level of buying
- QE is working
- bond purchases are well calibrated
- See French economy growing by 1.1% in 2015
- French competitiveness is improving slowly
- ECB never had policy in favor of strong EURo
The ECB statement on rates/QE will be made on Thursday. There are those who are speculating that the ECB may look to signal more QE. The ECB has said that "Purchases are intended to be carried out until at least September 2016". Noyers comments suggest he is not in favor of a raising the bar for QE.
