ECB should speed pace of policy normalization: Nowotny

ZURICH (Reuters) – The European Central Bank should speed up its exit from its “crisis-mode” monetary policy, ECB policymaker Ewald Nowotny said on Sunday.

“We are in a really very good economic situation and money policy still reflects crisis mode. I think the normalization should perhaps take place somewhat more quickly than is currently planned,” he told Austrian broadcaster ORF in an interview.

The ECB is due to end its money-printing program at the end of this year after pumping 2.6 trillion euros ($3.05 trillion) into the bond market and has hinted at a rate hike late next year if euro zone inflation accelerates gently.

(reporting by Mike Shields; editing by John Stonestreet)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.