Draghi has Limited Possibilities for Action – ECB Nowotny

FXStreet (Mumbai) - The European Central Bank (ECB) has limited options for action to counter long-term problems and stagnation in the euro zone, ECB Governing Council member and Austrian central bank chief Nowotny said in an interview for a Austrian newspaper.

When confronted on scope of ECB’s QE, he added, “Our possibilities are limited."

While Nowotny told the paper that the euro zone may see negative inflation early this year, he did not expect deflation over the course of all of 2015. However, he warned that "the margin of safety has got smaller".