European Central Bank Governing Council Member Ewald Nowotny: further stimulus measures are needed as the central bank’s inflation target will be missed

Market news

15 October 2015

European Central Bank Governing Council Member Ewald Nowotny: further stimulus measures are needed as the central bank’s inflation target will be missed

The European Central Bank (ECB) Governing Council Member Ewald Nowotny said on Thursday that further stimulus measures are needed as the central bank's inflation target will be missed.

"In my view, it's quite obvious that additional sets of instruments are necessary," he said.

Nowotny added that additional instruments should include structural reforms and measures to stimulate demand.

The central bank's inflation target is 2%. The ECB expects the inflation to be 0.1% this year.

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