ECB's Nowotny: Sees continued expansion but at a slower pace in Europe

ECB governing council member Ewald Nowotny speaks in Vienna

  • Says 2018 inflation level fulfills price stability goal
  • Eurozone core inflation is stable, but low

It's becoming a recurring theme now that policymakers are talking about past data as being healthy. When they aren't talking about the immediate outlook, you know that things aren't looking good.

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