The European Central Bank Governing Council member Bostjan Jazbec said on Thursday that the central bank's quantitative easing (QE) was working.

"I think QE is working, that the results are there and that all other options are off the table as we clearly have evidence that we are on the right track," he said.

Jazbec is convinced that the inflation in the Eurozone will reach the central bank's 2% target in the medium term.