ECB's Noyer: Ending SMP sterilization among possible tools

FXStreet (Łódź) - European Central Bank Governing Council member Christian Noyer stated today in Paris that Bundesbank head Jens Weidmann is right in saying that the central bank could stabilize the financial market through the suspension of SMP sterilization operations.

The ECB policymaker also suggested that he was "not very happy" with that the current strength of the euro, which weighs on inflation and the Eurozone economy.

Nevertheless, the economic developments in the area are progressing in line with the ECB's baseline scenario. Should external risks emerge, the ECB would act accordingly, Noyer assured.