ECB’s Nowotny speaking to BBG TV 3 Nov
- ECB took right decision last week
- economy improving substantially but not there yet
- QE stock has expansionary impact on markets
- inflation moving in the right direction
- wage growth will eventually take off
More of the current ECB mantra, by and large. More hope/biding time than fact.
EURUSD still drifting lower at 1.1641 EURGBP steady at 0.8923 and EURJPY trawling around 132.80 as USDJPY nudges its way higher. Nowotny — ECB with both hands on the wheel still