Nowotny - now is the time to start the gradual normalisation of monetary policy

Market news

10 April 2018

Nowotny - now is the time to start the gradual normalisation of monetary policy

The new normal for monetary policy is characterised by longer lags in inflation pressures
The ECB framework is well equipped to cope with evolving inflation debate
Must normalise policy not too soon but not too late

BoE's Mcafferty sees no labour market slack, "modest upside risk" to Bank of Englad's february 2018 wage growth forecasts

ECB Nowotny - risk of waiting to normalise monetary policy would create risk of it becoming pro-cyclical

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