ECB's Nowotny: Market should not expect monthly or bi monthly monetary policy moves by the ECB, no decision or discussion has been had on corporate bond purchases
- Corporate bonds could increase the size of the balance sheet but there are still issues outstanding
- Not yet at a point where we could launch QE, inflation expectations are still anchored, ECB should not be too activist on monetary policy
- ECB would need evaluate the legal limits on QE, but there is no pressing need for a legal assessment at this point