ECB’s Nowotny Says It’s Not the Right Time to Cut Interest Rates
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European Central Bank Governing Council member Ewald Nowotny said it’s not the right time to reduce borrowing costs.
“It isn’t the appropriate time to take interest-rate action,” Nowotny, who heads Austria’s central bank, said in Vienna today. “We’re working on the assumption that growth signs will improve over the course of the year.”