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

Notícias do Mercado

10 abril 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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