Nowotny calls QE a success

FXStreet (Mumbai) - The European Central Bank (ECB) member Edwald Nowotny on Monday said the bank’s QE program is a success since it is already having a desired effect.

Nowotny said the rise in the 10-year bond yields across the Eurozone are a “success story”. He further stated that rising yields represent normalization ad the inflation is going in the right direction (higher).