ECB’s Nowotny: No reason to depart from ECB strategy for 2017

Dhwani Mehta FXStreet

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

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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