Ewald Nowotny is ready to stop QE
- We are now in a situation to stop QE
- ECB will decide of future of QE by September
- Stopping QE will bring a rise in long-term interest rates
“I make no secret of the fact that we are now in a situation where, from my point of view, we should end the bond buying programme”
That’s a very hawkish comment from Nowotny but the euro isn’t moving on it. He was interviewed by a newspaper, the name of which is so long, I’m not going to bother trying to type it. EURUSD is only now knocking on the 1.2500 door.