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ECB's Nowotny: Euro area has an economic upswing

Yo, if anyone is listening to these clowns respected central bankers at the ECB

Nowotny speaking in a TV interview ... Bloomberg with the headlines:

  • Euro area has an economic upswing
  • ECB can counter asset bubbles with macroprudential steps
  • Inflation is not our problem

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So, I'm wondering why Nowotny wasn't mouthing off about better growth propects before the meeting? Its not like it was any great mystery ... Adam had this from Wednesday ... " This diminishes that probability of a large move from the ECB. The euro is rallying on this, it's bullish. "( ECB said to present largely unchanged macroeconomic forecasts - BBG ),

... and yet still Draghi had his mouth at 'pedal to the metal' despite his own frikkin' well-funded bank becoming more optimistic? Plonker.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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