ECB’s Nowotny: No reason to depart from ECB strategy for 2017
|Additional headlines crossing the wires from the ECB policymaker Nowotny, as he now speaks at the press conference following the Austrian central bank's annual general meeting.
Key Points:
ECB want a steady hand policy in 2017
Central banks must pursue a stable hand policy
It's important to analyse future economic developments closely
No reason to depart from ECB strategy for 2017
ECB's mandate is price stability, not stability of core inflation
Effects of oil prices on inflation will shrink
Gap between core and headline inflation will shrink
ECB must take a medium-term view
ECB has no FX target
ECB does not want to raise rates prematurely
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