European Central Bank Governing Council member Ewald Nowotny: an interest rate hike by the ECB will only make sense if the economic growth and inflation strengthen

Market news

28 April 2016

European Central Bank Governing Council member Ewald Nowotny: an interest rate hike by the ECB will only make sense if the economic growth and inflation strengthen

European Central Bank (ECB) Governing Council member Ewald Nowotny said on Thursday that an interest rate hike by the ECB would only make sense if the economic growth and inflation strengthen.

He noted that the central bank's stimulus measures would show effect in the second half of the year.

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