https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, ECB has its eye on the appreciation of the euro – “Watch this very closely” | message, Forex-News, Forex-News
Bitcoin
$34,834.46
-2844.39
Ethereum
$1,204.44
-14.38
Litecoin
$140.91
-8.25
DigitalCash
$122.53
-5.88
Monero
$152.26
-8.4
Nxt
$0.01
-0
Ethereum Classic
$7.56
-0.22
Dogecoin
$0.01
-0

ECB has its eye on the appreciation of the euro – “Watch this very closely” | message

4
, ECB has its eye on the appreciation of the euro – “Watch this very closely” | message, Forex-News, Forex-News


, ECB has its eye on the appreciation of the euro – “Watch this very closely” | message, Forex-News, Forex-News

Frankfurt (Reuters) – Concerns about the appreciation of the euro are increasing at the European Central Bank.

“We are not aiming for an exchange rate. But it is clear that the exchange rates and especially the appreciation of the euro play an important role and exert downward pressure on prices,” said ECB chief Christine Lagarde on Thursday after the interest rate decision at the online press conference . “So we will follow this up, we will continue to monitor it very carefully in the future.” The euro had recently hit a two and a half year high and has appreciated by around twelve percent since mid-May.

A strong euro comes at an inopportune time for the ECB. As a result, products from the euro zone are becoming more expensive on the world markets in the midst of the Corona crisis and thus less competitive in terms of price. In addition, the appreciation of imported goods makes them cheaper, which also dampens inflation.

The ECB has missed its inflation target for years. It is aiming for an inflation rate of just under two percent, which it considers ideal for the economy. This year, however, it should only be 0.2 percent. The central bank economists expect that this target will also be clearly missed in the next three years.



, ECB has its eye on the appreciation of the euro – “Watch this very closely” | message, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, ECB has its eye on the appreciation of the euro – “Watch this very closely” | message, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More