ECB's Honohan says signs of results from QE but needs to continue

DUBLIN (Reuters) - There are signs that the European Central Bank's quantitative easing is producing results but the bank needs to continue accommodative policies, ECB governing council member Patrick Honohan said on Wednesday. "I think we can see results, not a huge bounce back to a 2 percent inflation rate, but I think if we didn't have it we would be looking at a worse situation," Honohan told journalists in Dublin on his last day as Irish Central Bank Governor before retiring. "Even though there are signs of a better recovery, inflation forecasts are still not moving up and therefore definitely they need to keep the foot on the accommodation pedal," he said. (Reporting by Padraic Halpin; Editing by Conor Humphries; Editing by Louise Ireland)