ECB’s Nowotny hopes for more rational approach by markets in March

FXStreet (Mumbai) - Additional headlines hitting the wires from ECB’s Nowotny as he now addresses questions raised on monetary policy at an event in Budapest.

Key Quotes:

Markets expected too much in December, hopes for more rational approach by markets in March
Might see negative inflation rate for some months, not for the full year

Energy price falls have some second round effects, such as in transportation costs, but core CPI has been relatively stable

When asked on value of cutting any rates other than the main deposit:

It is too early to have any discussion about that

When asked on March ECB action:

Nothing to add to what Draghi said in December