ROME Oct 5 It is essential that the European
Central Bank keeps in place its Quantitative Easing (QE) asset
buying programme to support the euro zone economy, the Bank of
Italy said on Wednesday.
The ECB has said it will keep the programme in place at
until March next year, and for longer if necessary.
"The most recent forecasts for the euro zone incorporate a
considerable monetary support which, as the ECB Council has
reiterated, it is essential to maintain," Bank of Italy
executive board member Fabio Panetta told a conference, in
reference to QE.
The ECB press office said on Tuesday the bank's governing
council had not discussed reducing the pace of its monthly bond
buying, responding to a Bloomberg article.
(Reporting by Giuseppe Fonte, writing by Gavin Jones)