Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

ECB won't act rashly, leaves door open for more steps - Nowotny

Published 05/12/2014, 11:21
© Reuters. European Central Bank Governing Council member Nowotny addresses a news conference in Vienna

VIENNA (Reuters) - European Central Bank policymakers are leaving the door open for more policy action to fight sluggish euro zone growth and low inflation but do not want to act rashly, ECB Governing Council member Ewald Nowotny said on Friday.

"The position of the ECB Governing Council was not to fire quick shots, but rather see what develops on the economic side and leave open the possibility to think further about other considerations next year," he told a news conference on the Austrian central bank's economic forecasts.

© Reuters. European Central Bank Governing Council member Nowotny addresses a news conference in Vienna

The European Central Bank will decide early next year whether to take further action to revive the euro zone's economy, its president said on Thursday, signalling that he would not allow opposition from Germany or other individual members to stop it.

(Reporting by Michael Shields, Shadia Nasralla and Angelika Gruber; Editing by Kevin Liffey)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.