10 July 2014, 23:47  Nowotny, ECB: No need for further ECB action in near future

- ECB is trying to develop ABS purchase plan
- Should agree on or drop ABS plan by year end
- Will stick with forward guidance amid low inflation
- Monetary policy has its limits
- ECB sees positive results from latest stimulus
- Latest ECB measures stopped euro appreciation
- Inflation expectations are well anchored

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