Austrian CB gov and ECB gov council member out across the wires

  • Eurozone significantly under inflation target
  • US is in a different phase of growth cycle
  • must watch for side-effects like bubbles
  • ECB will not let itself be influenced by markets

That last comment seems to be part of the current mantra after Slovakia's Makuch yesterday

Meanwhile the euro is still trying to make its mind up

EURUSD 1.0920 EURJPY 134.08 EURGBP 0.7257

Nowotny - ECB not scared by markets