ECB's Nowotny Says Too Early to Discuss QE End Date

The video discusses the European Central Bank's (ECB) bond purchasing strategy, its impact on the eurozone economy, and the challenges of inflation. ECB officials debate the pace of downsizing stimulus and the flexibility of setting an end date. Concerns about bond scarcity are addressed, highlighting the variety of bonds purchased. The role of reinvestments in moderating stimulus downsizing is explored. Inflation challenges are discussed, with forecasts indicating lower rates due to energy policy effects. Wage growth's delayed response to unemployment is examined, and the ECB's inflation target and mandate are debated.

What is the European Central Bank's current approach to purchasing government and corporate bonds?

What are the implications of the ECB's decision to start reducing its bond purchases in January?

What is the significance of the ECB's decision to reinvest bonds when they become due?

How does the ECB view the current state of inflation in the eurozone?

What factors are contributing to the ECB's inflation forecasts for 2018?

What challenges does the ECB face regarding wage growth and its impact on inflation?

In what ways might the ECB's inflation target need to be modified, according to the discussion?