ECB's Nowotny: ECB has to take decisions on stance in October

Comments from Nowotny

• A lot of discussions needed on QE volume and timing
• Markets are prepared for policy normalization
• Too early to give details on QE plans
• Doesn't see danger of taper tantrum in Europe
• Economic perspective is 'generally positive'
• Wage developments are getting stronger

Earlier today, the ECB floated cutting QE in half to 30 billion euros per month starting in January.