More QE necessary to achieve inflation target – ECB’s Mersch

FXStreet (Mumbai) - Speaking at the International Bankers Forum on Monday, European Central Bank (ECB) Executive Board Member, Yves Mersch, touched the topic of ECB’s QE program and stated that more accommodative monetary policy is required in order to achieve the central bank’s price target.

Mersch noted, "We have not missed our whole powder, we can refuel at any time, this should be necessary. We do not have ammunition and fire."