ECB's Nowotny: Reiterates there is no need for further ECB action in the near future, inflation expectations are well anchored
- ECB measures are responsible for freezing EUR appreciation
- Reiterates ECB needs to stop and watch results from June decision
- ECB needs to either agree on an ABS plan or drop ABS proposals before the end of 2014
- Monetary policy has its limits
- ECB needs to stick to forward guidance in the low inflation environment