Nowotny: QE not a permanent policy tool

Central bankers talking similarly

As McCafferty speaks about easing into tightening, ECB Nowotny is throwing some hints about QE taper.

He says:

• It's right to view govt bond purchases critically
• QE is not a permanent policy tool.

Earlier ECB Weidman added that:

• The ongoing economic recovery opens up the prospect of monetary policy normalization