Ewald Nowotny hitting the wires
He's got plenty to say but none of it is about what could come at the March ECB meeting
- Eurozone inflation could turn negative on oil prices in H1 2016
- Says it's sensible to look at core CPI too
- Says there's a risk of second round effects of oil prices on core inflation
- Says it's unthinkable that the oil price can keep falling at its current rate
- Would be deadly for Eurozone to think about hiking rates now
- ECB has already taken unconventional measures, won't discuss possible further measures
- Economic globalisation may have passed its peak
- Sees inflationary tendencies remains low globally
- The US rate hike impact on EM's has been orderly
- China's mon pol was over-ambitious
- There is no intention to drop ECB inflation target
Nowotny is usually one of the first out the blocks following an ECB meeting but unusually he's not saying anything market moving. He's not usually slow to push a point home
"Ask me about March, I dare you?
