Nowotny’s comments were reported by Austrian parliament:
- Sees no deflation in Europe
- Russia/Ukraine crisis and sanctions are biggest downside risk
ECB’s Knot is also out with some ho-hum headlines:
- Economic recovery remains fragile
- ECB’s Knot says economic prospects improved versus a year ago
The euro is near the lows of the day at 1.3593. Watch for selling on a break of the Asian low of 1.3591.
ECB’s Knot says economic prospects improved versus a year ago