ECB’s Nowotny: ECB must be careful in unwinding low interest rates

Dhwani Mehta FXStreet

While presenting the Austrian Financial Stability Report on Monday, the ECB Governing Council member and Austrian Central Bank Head, Ewald Nowotny, said that the ECB must be careful in unwinding low-interest rates.

Meanwhile, the EUR/USD pair extends its advance to test 1.18 handle, now trading near daily tops of 1.1797, up +0.15% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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