‘Too soon to declare crisis in EU over’

Major central banks’ reassurances that interest rates will stay low for some time are giving markets “a certain security”, an ECB policymaker said.

Another European official, however, warned against complacency and said it was too soon to say that the eurozone crisis was over.

Ewald Nowotny, a member of the ECB’s governing council, said the so-called forward guidance from central banks was here because of weak economic growth and high levels of uncertainty.