There's no need to change interest rates this year says ECB's Nowtony

Ewald Nowotny via Bloomers

  • We are in a different economic situation in Europe

  • In medium-term Fed policy will have an impact on ECB policy

  • Currently, that means until the end of 2017, I don't see that we have to expect to change

He's waffling in Vienna to questions on how the ECB will deal with policy as the US raises rates. The euro is unfazed by Nowotny for a change.

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