ECB's Noyer: recovery in underlying inflation shows QE working

Interview in L'Opinion

So if they need more inflation then the solution is more QE. Note that Noyer is in his last days as the leader of the Bank of France.

Here's the link si vous parlez francais but it's also behind a paywall.

"If prices aren't rebounding as quickly as expected it's because of successive shocks linked to oil and commodities.... But that doesn't mean our policy isn't working. On the contrary, if we look at underlying inflation, we can see that it is rising bit by bit, both in the US and Europe."