ECB Nowotny:No Inflation Danger In EMU For Foreseeable Future | iMarketNews.com

ECB Governing Council member Ewald Nowotny said Monday that he sees no inflation danger in the Eurozone for the foreseeable future, and added that the real problem is weak economic growth.

Speaking at a conference in Berlin, the Austrian central bank governor said he was astonished that there was, especially in Germany, "so much hysteria" about inflation risks.

"[Inflation] is really not the problem we have," Nowotny said. "We have a problem of too-slow growth, unfortunately, but we do not have in the foreseeable future a problem of inflation."

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