ECB is ready to act to hit inflation target, says Noyer

The European Central Bank is prepared to take further action against inflation if needed, governing council member Christian Noyer said at a Euromoney conference in Paris on Tuesday.

He said that recent indicators suggest the bank’s quantitative easing measures have had a positive impact on inflation expectations.

“The purchase program will continue until the end of September 2016 and beyond if we do not see a sustained adjustment in the path of inflation," Noyer said.