"It's not correct, period," he said of the article in an interview with Market News. "(The purchases) will go on until we are satisfied that inflation is truly on the path to our objective, and at least until March of next year. "Earlier in the day, minutes of ECB's Sept 7-8 policy meeting showed that rate setters agreed the euro zone's economy needs continued monetary stimulus as underlying price growth showed no sign of a strong recovery.The rate setters reiterated their willingness to act to bring inflation back to their target "without undue delay" and "using all the instruments" they have.FINDING BONDSThis included addressing a potential shortage of eligible bonds. "It was underlined that the Governing Council could adjust the parameters of the programme at any time to achieve the intended amounts," the ECB said in the minutes. "There should be no doubt about the Governing Council's determination to execute its asset purchases in line with its past decisions and to adopt further measures, if needed, to fulfil its price stability objective.

Source: The Star October 06, 2016 20:48 UTC