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...The 70-year-old professor, who has worked at the World Bank and in Asia for the IMF, will succeed Ewald Nowotny as Austrian central bank governor and a member of the European Central Bank’s governing council...
...The last time the ECB publicly denied a statement by one of its own governing council members was in 2018 when it rebuffed claims by the former Austrian central bank governor Ewald Nowotny that it would...
...Personally, I consider that a serious political mistake by Angela Merkel that she [is no longer advocating for] the candidacy of Weidmann,” Mr Nowotny said....
...However there would be no interest rate changes until after the summer of 2019, Mr Nowotny confirmed....
...Mr Nowotny said the ECB could raise the deposit rate from -0.4 to -0.2 per cent “as a first step”, Reuters reported....
...Austrian central bank governor Ewald Nowotny has also clashed with the ECB, at times preferring a more hawkish monetary policy than Mr Praet or his boss....
...Mr Nowotny was pointing out the obvious, perhaps....
...At this time, one must agree on an orderly exit and also on the future cooperation, that is, an customs union or a free trade pact”, Mr Nowotny told Der Standard....
...Ewald Nowotny, fellow ECB member, added that the euro’s rise was “not helpful”. The euro was trading 0.4 per cent lower on Wednesday....
...Later that day, Ewald Nowotny, head of the Austrian central bank, will speak in Vienna and Yves Mersch, an ECB executive board member will speak in Frankfurt....
...Indeed on Friday, Ewald Nowotny, a member of the governing council, cautioned against over dramatising the appreciation of the euro, which traded at close to the $1.40 mark in 2014....
...On Friday, Ewald Nowotny, head of the Austrian central bank and a member of the central bank’s governing council, said in Vienna that the single currency was becoming something of a safe haven like the Swiss...
...The ECB could also raise the deposit rate earlier than the prime rate” said Mr Nowotny. Read more: What’s next for the Dutch economy?...
...France consumer confidence08.00: Switzerland KOF leading indicator08.00: Spain consumer prices index08.30: Sweden GDP10.00: Eurozone economic confidence13.00: Germany consumer prices index17.00: ECB’s Ewald Nowotny...
...Janet Yellen, Fed chair, has hinted at raising the inflation target, while Austrian governor and ECB policymaker Ewald Nowotny has openly questioned the bank’s ability to hit its goal in the future....
...Furthermore: “In the eurozone we have hawkish speakers (Weidmann Monday, Lautenschläger Wed & Thu) who could broach the idea of a hike before the end of quantitative easing, following comments from Nowotny...
...Mr Nowotny added that an EU exit would have consequences for London’s position as the world’s financial hub....
...Brexit risk Ewald Nowotny, Austria’s central bank governor and a member of the ECB’s governing council, fears “many negative surprises” saying that economic threats of Brexit have been underestimated....
...Analysts at Citi note the currency received a boost from comments on Thursday from European Central Bank member Ewald Nowotny, in which he said deposit rates could be raised before the main refinancing rate...
...But some in the ECB governing council are pointing in a different direction: Ewald Nowotny recently said the central bank doesn’t have to follow the same normalisation sequence as the Fed, while Ignazio...
...Swedish GDP09.00: Italian inflation09.30: UK jobs09.30: Danish central bank delivers Q3 review10.00: Eurozone industrial production11.00: EU Parliament votes on resolution on Poland rule of law11.00: ECB’s Nowotny...
...Ahead of next week’s ECB policy meeting, Ewald Nowotny said the ECB was “clearly missing its inflation target”....
...If you missed it, earlier this week, the ECB’s Ewald Nowotny berated what he called a “massive failure” by analysts to predict the central bank’s next steps....
...Mr Nowotny’s comments on Wednesday appeared to throw more cold water on the notion that the ECB will cave fully into market expectations....
...Austrian central bank chief Ewald Nowotny said on Thursday that the ECB had a duty to prepare for “every alternative”....
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