European Central Bank (ECB) Governing Council Member Ewald Nowotny: the recent turmoil in financial markets was mainly driven by emerging markets

Market news

17 February 2016

European Central Bank (ECB) Governing Council Member Ewald Nowotny: the recent turmoil in financial markets was mainly driven by emerging markets

European Central Bank (ECB) Governing Council Member Ewald Nowotny said in an interview published on Wednesday that the recent turmoil in financial markets was mainly driven by emerging markets. He noted that it was necessary to preserve liquidity.

"The ECB is a certain guarantor that appropriate liquidity backups are possible for banks, at least those in the euro zone," Nowotny said.

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