Draghi: Exchange rate not a policy target

Author: Ryan Littlestone | Category: Central Banks
  • FX important for growth and stability
  • Outside prices pressures like energy have fallen
  • Inflation has fallen as a direct impact of FX rate
  • ECB is confident that measures taken today will contribute to driving inflation close to target
  • Recovery is still very fragile but it is there
  • Very difficult to conceive a structured cooperation between central banks, there is and  should be more exchanges between CB’s

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