The European Central bank has in the past gone too far in seeking to meet market expectations and should be prepared to disappoint the market sometimes, outgoing ECB policymaker Ewald Nowotny said.
Nowotny's remarks echoed comments on Tuesday by ECB Vice President Luis de Guindos, who said the ECB must be critical of market expectations and base its decisions on macroeconomic data.
"In past years we perhaps followed markets' expectations too intensively and avoided disappointing them," Nowotny, whose term as governor of the Austrian National Bank ends this weekend, told.
"I am of the opinion that central banks should be the decisive institution and must therefore sometimes disappoint markets," said Nowotny, who will be succeeded by pensions specialist Robert Holzmann.
He did not elaborate on what kind of disappointment he had in mind.
Nowotny said he favours inflation targeting along the lines of what the Czech, Israeli or Swedish central banks do -- aiming for 2% plus or minus one percentage point. "I would support such a view because it means that inflation of 1.6% is also within the target area and therefore requires no monetary policy measures," Nowotny said.
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.