ECB euro Ewald Nowotny Markets

Central Banks Need To ‘Disappoint Markets’: On Way Out Door, Nowotny Says ECB Won’t Buy Stocks

"I am of the opinion that central banks should be the decisive institution".

"I am of the opinion that central banks should be the decisive institution".
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1 comment on “Central Banks Need To ‘Disappoint Markets’: On Way Out Door, Nowotny Says ECB Won’t Buy Stocks

  1. Perhaps they are finally beginning to recognize the feedback loops that ensue with increasingly reckless use of monetary policy. This view would be held irrespective of the very real disappointing growth and inflation data. Perhaps they are finally recognizing the long term ramifications of what’s been done. Whether or not the austerity exists to actually continue to follow through with such idealism remains doubtful, but it would be a welcome reprieve from the horrendous global swamp of liberal imonetary sentiment that exists today.

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