Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

ECB should have signalled intent to end asset buys, Nowotny says

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 10:12am CEST
ECB Governing Council member Nowotny addresses a news conference in Vienna

VIENNA (Reuters) - The European Central Bank should have signalled a clear intent to end asset buys when it extended purchases until September but left the door open to another extension, ECB policymaker Ewald Nowotny said in remarks broadcast on Friday.

Nowotny, who sits on the ECB's Governing Council and heads the Austrian National Bank, told Austrian broadcaster ORF that he agreed with his German counterpart Jens Weidmann, who made a similar point the day after the ECB announced its decision.

"In this respect I am in absolute agreement with my German colleague," Nowotny said when asked about Weidmann's remarks.

The ECB said last month it would halve the pace of its bond purchases from January but also extend the 2.55 trillion euro buying programme until the end of next September.

"This new purchasing programme is valid until September 2018 and in my view we should then go about bringing it to an end if the economy develops as we currently expect it to," Nowotny said, echoing remarks he made last week.

(Reporting by Francois Murphy and Kirsti Knolle; Editing by Balazs Koranyi)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
06:27pSMMT SOCIETY OF MOTOR MANUFACTURERS AND TRADERS : Nissan reveals ‘extreme’ Navara
PU
06:22pUNITED STATES SENATE DEMOCRATS : 3pm vote on Duncan nomination, Nakasone nomination confirmed by voice vote
PU
06:21pDMG BLOCKCHAIN : Adds Litecoin Creator Charlie Lee to its Advisory Board
AQ
06:17pAPI AMERICAN PETROLEUM INSTITUTE : Colorado Petroleum Council applauds Senate for supporting new mineral and royalty owner protections
PU
06:15pU.S. New Home Sales Rose in March -- Update
DJ
06:12pISDA – INTERNATIONAL SWAPS AND DERIVATIVES A : Press Releases | Apr 24, 2018
PU
06:11pMexico seeks flexibility for new NAFTA deal as ministers meet
RE
06:11pMexico seeks flexibility for new NAFTA deal as ministers meet
RE
06:07pKIRKLAND & ELLIS LLP : represents 3i on investment in International Cruise & Excursions
PU
06:03pCBI CONFEDERATION OF BRITISH INDUSTRY : UK businesses contributed £186 billion in tax revenues in 2017/18
PU
Latest news "Economy & Forex"
Advertisement