ECB’s Hansson: Cutting monthly QE pace in line with preserving stance

ECB governing council member Ardo Hansson crossed the wires last minutes, via Reuters, commenting on the latest tweak in the ECB QE program.

Key Headlines:

Keeping the €80bn pace would have raised accommodation

Cutting the monthly QE pace is in line with preserving the ECB's monetary policy stance

The QE concept is closer to the stock philosophy

ECB want's a bit more confidence on the path of inflation

Absolute stock of QE may be more important