Skip to content
Subscriber Only

ECB Can Do More to Supply Lenders With Liquidity, Nowotny Says

European Central Bank Governing Council member Ewald Nowotny said the ECB is observing liquidity shortages in the banking sector and can do more to supply funds.

“We can do a lot with regard to liquidity and in future we may take additional measures,” Nowotny said during a speech in Vienna yesterday. He declined to expand on which measures the ECB may take in future, saying he is observing the central bank’s “purdah” period ahead of a Dec. 8 rate-setting meeting.