Chief Correspondent, Austria, Vienna, Austria
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Sep 28, 2009

ECB’s Nowotny sees no exit any time soon

VIENNA (Reuters) – Recession in the euro zone is over but growth will remain sluggish next year, so there is no need to raise interest rates soon, European Central Bank (ECB) Governing Council member Ewald Nowotny said on Monday.

However, the ECB will look vigilantly at monetary and business indicators that could indicate a rise in inflationary expectations, Nowotny said at the Reuters Central European Investment Summit, which began on Monday in Vienna and Milan.

Sep 28, 2009

Reuters Summit-UPDATE 1-ECB’s Nowotny sees no exit any time soon

VIENNA, Sept 28 (Reuters) – Recession in the euro zone is
over but growth will remain sluggish next year, so there is no
need to raise interest rates soon, European Central Bank (ECB)
Governing Council member Ewald Nowotny said on Monday.

However, the ECB will look vigilantly at monetary and
business indicators that could indicate a rise in inflationary
expectations, Nowotny said at the Reuters Central European
Investment Summit, which began on Monday in Vienna and Milan.

    • About Boris

      "I am Reuters Chief Correspondent in Vienna and mainly cover the Austrian banking sector. I also help coordinate our coverage of banking in the broader emerging European region, where Austrian banks are among the major players."
      Joined Reuters:
      2001
      Languages:
      English, German, French
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