ECB Narrative Holds, 2019 Rate Hike Still Possible: Nowotny

www.oann.com | 7/5/2018 | Staff
Omnista (Posted by) Level 3
BRATISLAVA (Reuters) – Euro zone growth is weaker than previously thought but the growth scenario outlined by the European Central Bank in December remains valid and a rate hike this year is still possible, Austrian policymaker Ewald Nowotny said on Friday.

Nowotny, known as a hawk on the ECB’s 25-member Governing Council, said that no big moves are likely at the January 24 policy meeting and even a decision on a new long-term funding facility for banks is not urgent.

“We...
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