First three months of 2015 too early for more ECB action: Nowotny
[VIENNA] The first three months of next year would be too early for the European Central Bank to take further measures to spur the eurozone's economy, ECB policymaker Ewald Nowotny said on Monday.
Asked by reporters what circumstances would warrant more policy action, such as buying government bonds, Mr Nowotny, a member of the ECB's governing council, said: "There are always circumstances in which one has to think again about something but currently I don't see a point of time where that could happen."
Asked about the prospects for action as soon as the first quarter of next year, he said: "What we do in the first quarter is another matter. I think it would be too early. My personal view is that we have taken a series of measures and should observe the impact of these measures."
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year