FOREX TradingCharts.com

Financial News: ECB's Nowotny Says Policy Can Be Normalized Before

ECB's Nowotny Says Policy Can Be Normalized Before Inflation Returns To Target

10/19/2017 - 10:34:00 (RTTNews)

(RTTNews) - The European Central Bank do not have to wait until inflation reaches the target of 'below, but close to 2 percent' to normalize policy and now there are good arguments for slowing asset purchases, ECB Governing Council member Ewald Nowotny said in an interview published in an Austrian daily on Thursday.

"We do not have to wait until the inflation rate reaches 1.9 percent," Nowotny, who heads the Austrian central bank, said in an interview to the newspaper Der Standard.

"We can normalize the policy earlier."

Official figures released this week showed that Eurozone inflation was 1.5 percent in September, same as in August. Core inflation eased marginally to 1.1 percent from 1.2 percent.

Nowotny said the ongoing asset purchases of EUR 60 billion a month, which will expire in December, cannot be stopped abruptly. However, it is time to start thinking about how to normalize them and decision will be taken this month as to how to proceed further.

"There are good arguments for slowing purchases," he said.

The ECB is set to announce its latest policy decision on October 26. Economists widely expect the bank to extend its asset purchases till September 2018, but at a reduced size.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


S&P Cuts S. Africa's Sovereign Rating To Junk Status (02 hr(s), 12 min(s), 44 sec(s) ago)
(RTTNews) - S&P Global Ratings lowered South Africa's sovereign ratings to junk status on ...Full Story»

France Unemployment Rises Slightly In October (04 hr(s), 08 min(s), 44 sec(s) ago)
(RTTNews) - French unemployment increased slightly in October, data from the Labour Ministry revea ...Full Story»

Cash Remains Preferred Payment Option In Eurozone: ECB Study (57 min(s), 16 sec(s) ago)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story»

ECB's Coeure Warns Against Fake Data (39 min(s), 16 sec(s) ago)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story»

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018 (28 min(s), 16 sec(s) ago)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story»

Swiss Industrial Production Expands In Q3 (48 min(s), 16 sec(s) ago)
(RTTNews) - Switzerland's industrial production and turnover increased notably in the third qu ...Full Story»

UK Mortgage Approvals At 13-Month Low (39 min(s), 16 sec(s) ago)
(RTTNews) - UK mortgage approvals declined to a 13-month low in October, data from UK Finance show ...Full Story»

German Business Confidence At Record High (40 min(s), 16 sec(s) ago)
(RTTNews) - Germany's business confidence strengthened to a new record in November on optimist ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

S&P Cuts S. Africa's Sovereign Rating To Junk Status

11/25/2017 - 02:21 AM (RTTNews)
(RTTNews) - S&P Global Ratings lowered South Africa's sovereign ratings to junk status on ...Full Story>>

France Unemployment Rises Slightly In October

11/25/2017 - 00:25 AM (RTTNews)
(RTTNews) - French unemployment increased slightly in October, data from the Labour Ministry revea ...Full Story>>

Cash Remains Preferred Payment Option In Eurozone: ECB Study

11/24/2017 - 09:31 AM (RTTNews)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story>>

ECB's Coeure Warns Against Fake Data

11/24/2017 - 09:13 AM (RTTNews)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story>>

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018

11/24/2017 - 09:02 AM (RTTNews)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.