ECB’s Nowotny: Positive ECB policy effects clearly outweigh risks

Headlines crossed the wires from the ECB governing council members Peter Praet, Ewald Nowotny and Vitor Constancio, as they spoke in an interview with Eurofi magazine today.

Praet noted that incomplete banking union may mean higher capital buffers.

Nowotny said that positive effects from ECB policy clearly outweighs risks, while Constancio said that monetary policy has been the mainstay of the recovery.