ECB governing council member Nowotny speaking to Der Standard now published 19 Oct
- decision how to proceed must be made in Oct
- sees arguments for slowing purchases
- won't reach inflation target this year
- expect even lower inflation next year but policy can be normalized before target reached
- sees risks of bubbles in Europe with investors seeking alternatives in times of low rates
Reuters reporting the comments from Austria's CB gov.
EURUSD unfazed at 1.1797 tightly bound 1.1785-1.1805 for the moment.
