Ewald Nowotny, a Government Council member, said the ECB should take action as inflation is well below its target of just under 2%. In an interview by a newspaper, Nowotny said, “The ECB must act”. He added, “But there are no decisions. There are discussions. I would advise more towards caution and a steady-hand policy”.
The material has been provided by InstaForex Company – www.instaforex.com
Prime News: Nowotny says low inflation forces ECB to act –newspaper
