Need to keep the foot on the accommodation pedal – ECB’s Honohan

FXStreet (Mumbai) - Irish Central Bank governor and ECB Governing Council member, Patrick Honohan was on the wires some minutes ago, noting that the central bank can see the impact of ECB QE program on the Euro zone and adds the policy needs to remain accommodative.

Key Quotes:

Can see results from ECB quantitative easing, situation would be worse without it

Even though signs of better Euro zone economy, inflation forecast not moving up

The ECB definitely need to keep the foot on the accommodation pedal