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Coeure Says ECB Would Extend QE If Inflation Impact Not Enough
European Central Bank Executive Board member Benoit Coeure said the institution’s quantitative-easing program could be expanded or extended if the impact on inflation isn’t judged enough. “If we haven’t achieved what we want to achieve and I should say what we should achieve, because that’s the mandate of the ECB and it’s in the treaty -- which is having a firm perspective that inflation goes back to 2 percent, close to 2 percent but below 2 percent as we say it in the medium term -- then we’ll have to do more or we have to do it for longer,” Coeure told Bloomberg Television’s Francine Lacqua at the ... (full story)