Economics
ECB Buying Equities for Stimulus Isn’t Option, Nowotny Says
- Austrian governor sees room for tweaks of existing tools
- Nowotny retires Saturday, will be replaced by Robert Holzmann
The European Central Bank (ECB) headquarters.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
Adding equity purchases to the European Central Bank’s monetary-policy mix isn’t a realistic option, according to outgoing Governing Council member Ewald Nowotny.