1 Sep 2017
ECB’s Nowotny: ECB shouldn't "overdramatize" Euro rise
More comments hitting the wires from the ECB Governing Council member Nowotny, this time speaking on the hot topic of the Euro rise.
Key Points via Reuters:
Euro moves are within historical range
ECB shouldn't "overdramatize" euro rise
Exit from policy can’t be about stepping on the brake
Have to be careful how ECB normalizes policy
Unemployment has fallen but still high
it's clear that low rate policy has side effects
EZ economy is on growth course