ECB’s Nowotny: Discussions have begun about tightening policy

Eren Sengezer FXStreet

The European Central Bank Governing Council member Ewald Nowotny recently crossed the wires, via Reuters, saying that discussions on tightening policy have begun.

Key quotes (via Reuters):

Negative rates were necessary ‘for a while’, question of distortion is dangerous
Agrees with Weidmann who said ‘this is time to slowly go off gas’
To reduce intensity of activity is reasonable, discussion to be had in autumn

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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