ECB's Nowotny: No Significant Rise In Inflation Expected In 2010: Report

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Eurozone inflation is not expected to rise significantly in 2010, European Central Bank Governing Council member Ewald Nowotny reportedly said Friday.

The ECB's independence would protect it from political pressures to implement policies which may allow inflation, Nowotny said in an interview with Austrian newspaper Die Presse.

Moreover, the central banker said excess liquidity in the financial system will be removed once the ECB's non-standard policies expire. Nowotny heads Austria's central bank.

Eurozone inflation is not expected to rise significantly in 2010, European Central Bank Governing Council member Ewald Nowotny reportedly said Friday. (Market News Provided by RTTNews)