ECB's Nowotny says there may be a need for more expansive fiscal policy in the Eurozone

Author: Mike Paterson | Category: Central Banks

ECB gov council member on the wires

  • sees fiscal policy as neutral now

Regular ECB mantra that calls for greater fiscal reform to support monetary policy

On Thursday his comments caused a euro wobble when they were initially misinterpreted to be referring to mon pol but it was also fiscal

Over the week-end he said it was too early to talk of QE extension

Euro still enjoying its Monday morning so far

                             Nowotny - Sticking to the ECB script

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