FXStreet (Mumbai) – The European Central Bank member Nowotny was on the wires stating that the bank is clearly missing its inflation target and thus a new set of instruments are necessary.
Speaking in Warsaw Nowotny said “In my view it’s quite obvious that additional sets of instruments are necessary”. Nowotny added that core inflation is also below bank’s target and that new instruments are to include structural measures.
(Market News Provided by FXstreet)