September 21, 2015 / 4:51 PM / 2 years ago

ECB's Nowotny says interest rates to stay low as long as growth is low

VIENNA, Sept 21 (Reuters) - It is to be expected that euro zone interest rates will stay low as long as growth stays low, European Central Bank (ECB) governing council member Ewald Nowotny said on Monday.

“One should not overestimate the possibilities that central banks have in relation to influencing the long-term interest rate,” Nowotny said. “As long as we have an economy with relatively low growth rates, we will have to live with low interest rates.”

Reporting By Shadia Nasralla and Francois Murphy; Editing by Kevin Liffey

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below