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

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15 octubre 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.

European Central Bank Vice President Vitor Constancio: the exit from the zero interest rate policy may have spillover on other countries in the short terms

Richmond Federal Reserve President Jeffrey Lacker notes his outlook for the U.S. economy has not changed since September despite the recent weak economic data

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