VIENNA, March 30 The European Central Bank (ECB)
has largely set its policy course for this year and there is no
need to change it unless a pickup in the euro zone's economy
proves to be lasting, policymaker Ewald Nowotny said on
Asked if markets had correctly interpreted the ECB's latest
guidance, Nowotny told a news conference: "The strategy for 2017
has largely been set and from my point of view there is no
reason to depart from this."
The central bank should act with a steady hand based on
economic fundamentals that should be examined closely for their
sustainability, said Nowotny, who heads the Austrian central
bank and sits on the ECB's Governing Council.
(Reporting by Francois Murphy; editing by John Stonestreet)