ECB's Smets: will decide on QE before year-end

With speaking to Bloomberg TV, Belgium central bank governor and ECB governing council member, Jan Smets was noted saying that the European Central Bank (ECB) would decide on QE before year-end.

Key quotes:

   •  we'll have to make up our minds by end of the year
   •  we'll not wait until 31 Dec to tell what will happen on 1 Jan
   •  ECB will look very closely at wage growth
   •  need to see inflation expectations re-anchored
   •  Brexit will impact UK more than Euro-zone
   •  Brexit could be used to deepen EU monetary union
   •  start of Brexit talks a sad day

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