ECB ready to intervene in markets in emergency, Nowotny says
European Central Bank Governing Council member Ewald Nowotny attends a news conference in the building of the Central Bank of Cyprus in Nicosia, Cyprus October 27, 2016.REUTERS/Yiannis Kourtoglou
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
VIENNA (Reuters) - The European Central Bank is ready to intervene in markets in an emergency, ECB Governing Council member Ewald Nowotny said on Wednesday, after Donald Trump's victory in the U.S. presidential election sparked turbulence in currency and other markets.
"We are definitely prepared to intervene in an emergency," he told reporters on the sidelines of a conference, adding that it was too soon to know what will happen. "What that will really look like, we must wait and see."
(Reporting by Francois Murphy; Editing by Catherine Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Moody's Lower Outlook on Italy to Negative; Ratings Affirmed (FXE)
- ISM Non-Manf. Composite 57.2 vs 55.5 Expected
- UPDATE: Crude Inventory -2.39M Barrels vs -1.37M Expected
Create E-mail Alert Related CategoriesFed, Forex, Reuters
Related EntitiesDonald J. Trump, European Central Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!