Central Banks

Speaking on Austrian TV

ECBs Eeald Nowotny (Governor of the Bank of Austria) was on Austrian TV on Sunday and said:

  • We are in a really very good economic situation, but monetary policy is actually still in crisis mode.
  • Price stability achieved in Euro Zone as a whole
  • Makes sense to normalize monetary policy quicker
  • We have fixed interest rates for another entire year (fall/end of summer 2019), and I think that’s something we should have a look at and ask if it is really sensible given economic circumstances
  • I am more optimistic on inflation than ECB majority
  • Markets/ECB are monitoring Italy
  • Italian government is sending contradicting messages

More hawkish comments from the Austrian central banker and ECB member. 


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