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Have necessary tools to avoid property bubbles – ECB’s Nowotny

FXStreet (Mumbai) - European Central Bank (ECB) Governing Council member Ewald Nowotny while speaking in a television interview in opening hours, said that accommodative monetary policy helps support growth. He also added that the central banks have enough tools to avoid chances of property bubbles.

Key Quotes:

"We must of course be careful that this healthy
medicine does not have negative side effects"

‘It is possible property bubbles will develop, have developed instruments to avoid it'

‘Overall growth situation is better in United States’

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