Comments by ECB governing council member Ewald Nowotny

  • Economy currently impacted by numerous 'special effects'
  • Italy developments won't massively impact Eurozone
  • Expects ECB to confirm end of asset purchases in December

There could be revisions to the ECB's economic growth forecasts in December depending on how hard data for Q4 comes in but as mentioned, they won't phrase it or present it in such a way that it will threaten their ability to put a stop to QE at the end of this year. And Nowotny pretty much confirms that sentiment here.