ECB’s Nowotny: No reason to depart from ECB strategy for 2017

Additional headlines crossing the wires from the ECB policymaker Nowotny, as he now speaks at the press conference following the Austrian central bank's annual general meeting.

Key Points:

ECB want a steady hand policy in 2017

Central banks must pursue a stable hand policy

It's important to analyse future economic developments closely

No reason to depart from ECB strategy for 2017

ECB's mandate is price stability, not stability of core inflation

Effects of oil prices on inflation will shrink

Gap between core and headline inflation will shrink

ECB must take a medium-term view

ECB has no FX target

ECB does not want to raise rates prematurely