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
Japan’s corporate service inflation perks up in March
New Zealand first-quarter imports fall amid sluggish economy
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
UK pay settlements edge lower in first quarter: industry survey
Trump jury told how publisher buried negative press
Sunak says UK to raise defence spending amid global threats