"We are aiming for the prospect of a cautious normalisation," Nowotny, who sits on the ECB's Governing Council, said in a speech on Wednesday at a conference on financial supervision. Advertisement Continue reading the main storyNowotny was not as specific but said that the ECB's target of inflation just below 2 percent should be seen only as a medium-term objective. Inflation has remained well below that target and Nowotny said there was a debate among policymakers about whether we were now in a long period of low inflation. Newsletter Sign Up Continue reading the main story Please verify you're not a robot by clicking the box. Sign Up You agree to receive occasional updates and special offers for The New York Times's products and services.

Source: New York Times October 04, 2017 10:31 UTC