Need for more expansive fiscal policy – ECB’s Nowotny

By FXStreet FXStreet (Mumbai) – The European Central Bank (ECB) member Edwald Nowotny was on the wires today stating that there may be a need for a more expansive fiscal policy across the Eurozone.

His comments are in line with the view shared by other ECB members that fiscal reform is necessary to support the monetary policy.

Over the weekend, Nowotny said it was too early to talk about the QE extension, although markets send German yields to near two week lows on Friday on speculation the ECB may hint at a QE expansion/extension this Thursday.
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Source:: FX Street