National Bank of Austria governor Nowotny making a scheduled speech in Vienna 29 May
- can't expect growth rates of two post-war decades
- dangerous to think growth in one country harms another
A thinly veiled reference to Germany perhaps?
- digitalization will reduce labour force in banking
More bots taking over the asylum.
Meanwhile euro a tad higher as European desks get a bit of steam up. EURUSD 1.1177 EURGBP 0.8714 EURJPY 124.42 with equity markets extending opening losses and bond yields rising.
Nowotny - One country's growth doesn't harm another