Too early to talk about expanding QE – ECB’s Lautenschlaeger

FXStreet (Mumbai) - The European Central Bank (ECB) executive board member Sabine Lautenschlaeger said it is too early to talk about expanding the bank’s QE program.

Lautenschlaeger added that the ECB basic scenario is still intact and the bank must look through current volatility. Earlier today, she was on the wires stating that Some euro zone banks don't comply with governance standards.

"Our initial findings indicate that a number of banks, while meeting national requirements, do not comply with international best practices with regard to governance," Sabine Lautenschlaeger, who represents the ECB's supervisory arm on the bank's board, said in remarks for a speech to be delivered in Milan.