ECB's Stournaras says should not stop bond buying too early

<ul><li>No value in bringing forward end of PEPP</li><li>Now especially that there is new uncertainty from events in Israel and Palestine</li><li>Need to keep flexibility and act if necessary</li></ul><p>This contradicts with what Kazaks mentioned yesterday, that the ECB should at least discuss an early end to PEPP. So, I guess they have some sorting out to do behind the scenes. Stournaras also warns about the risks of stagflation but brushes aside market concerns with regards to Italy's public finances. </p>

This article was written by Justin Low at www.forexlive.com.