Economics
ECB's Nowotny Says He's Wary of Expanding Bond-Buying Program
- Austrian central bank head wouldn't consider new asset classes
- Shouldn't overestimate impact of Fed decision on ECB policy
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European Central Bank Governing Council member Ewald Nowotny said he’s wary of increasing central-bank stimulus any time soon even as policy makers struggle to boost euro-area inflation.
The question of whether more quantitative easing is needed “deserves a much more thorough examination,” he said in a Bloomberg Television interview in Vienna on Wednesday. “Monetary policy should be a steady-hand policy. We shouldn’t act in a too-active way.”