ECB's Tumpel-Gugerell Wants Unwinding Of Support Measures

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European Central Bank Executive Board member Gertrude Tumpel-Gugerell on Thursday said it is now time for fiscal and monetary policy to return to normal with the economic climate appearing to have stabilized.

"In the last few months, a stabilization of the situation has occured," she told a conference held in Innsbruck, Austria. "It is time to return monetary and fiscal policies to normality."

She added that the ECB will "gradually phase out" excess liquidity and reiterated price stability will remain the primary goal of the central bank.

European Central Bank Executive Board member Gertrude Tumpel-Gugerell on Thursday said it is now time for fiscal and monetary policy to return to normal with the economic climate appearing to have stabilized. (Market News Provided by RTTNews)