FRANKFURT (MNI) – Current low inflationary pressures give monetary
policy room to maneuver to stabilize financial markets, lending and the
real economy, European Central Bank Governing Council member Ewald
Nowotny said Tuesday.
The ECB’s purchase of Greek government bonds does not have an
effect on the money supply, the head of Austria’s National Bank assured,
according to a summary of his remarks, which had no direct quotes, to
the Finance Committee of Austria’s parliament.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$$EC$,M$X$$$,M$$CR$,MGX$$$]
