- European Central Bank Governing Council member Ewald Nowotny: active fiscal and structural policies are needed to fight deflation
Notícias do Mercado
27 outubro 2015
European Central Bank Governing Council member Ewald Nowotny: active fiscal and structural policies are needed to fight deflation
European Central Bank (ECB) Governing Council member Ewald Nowotny said on Tuesday that monetary policy alone cannot fight deflation. Active fiscal and structural policies are needed, he added.
"We need active fiscal policy, we need elements of structural policy that also would increase demand but we also have to see that there may be strong underlying forces," he said.
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