ECB Lagarde: Clear that external value of euro has impact on inflation

Author: Greg Michalowski | Category: Central Banks

More from ECBs Lagarde

ECB's Lagarde is speaking on the impact of the EUR on inflation saying:
  • It is clear that external value of Euro has impact on inflation.
  • We monitor FX movements
  • Exchange rate is not a policy target for the ECB
The commitment of traders report published by the CFTC on Friday showed EUR speculative long positions remained chunky. A higher tends to lower inflation pressures.  The net long position increased to 191K from 178K the prior week.

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