ECB's Makuch says QE impact can be seen in higher inflation, indirectly in GDP and FX

[BRATISLAVA] The impact of the European Central Bank's bond-buying programme can be seen in rising inflation as well as in a pickup in growth and the weak rate of the euro against the dollar, ECB governing council member Jozef Makuch said on Tuesday.

"We can say it has been a successful operation, it was the correct move which is being shown in the rise of inflation, which was the main motive, and also (there is) the indirect effect of higher GDP growth and the wholly indirect, though visible effect in the form of a low exchange rate of the euro to other currencies, mainly to the US dollar," Mr Makuch told reporters.

Mr Makuch said it was the wish of the entire ECB governing council that Greece remains in the eurozone in case it meets its commitments.

REUTERS