April 10, 2018 / 8:22 AM / 2 years ago

Normalization of ECB policy should start now: Nowotny

FILE PHOTO: European Central Bank (ECB) Governing Council member and OeNB governor Ewald Nowotny addresses a news conference in Vienna, Austria, June 9, 2017. REUTERS/Leonhard Foeger

LONDON (Reuters) - The European Central Bank should start normalizing its monetary policy, one of it most experienced members, Ewald Nowotny, said on Tuesday.

“Now I think it is time for a gradual normalization of monetary policy. This normalization requires a delicate balancing of measures as well as careful sequencing in time,” Nowotny, who heads Austria’s national central bank, said during a speech at a SUERF economics conference.

Reporting by Marc Jones and Helen Reid

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