ECB's Nowotny: Sees continued expansion but at a slower pace in Europe
ECB governing council member Ewald Nowotny speaks in Vienna
- Says 2018 inflation level fulfills price stability goal
- Eurozone core inflation is stable, but low
It's becoming a recurring theme now that policymakers are talking about past data as being healthy. When they aren't talking about the immediate outlook, you know that things aren't looking good.