Home » Economy » ECB Director – Euro Strength does not inhibit growth at the moment as strongly as before News

ECB Director – Euro Strength does not inhibit growth at the moment as strongly as before News

Monday, September 11th, 2017 | Economy

On Monday at a conference in Frankfurt, he described the strength of the domestic economy as a reason. "Therefore, the strength of the euro is likely to have less impact on growth than, for example, in the post-Great Financial Crisis," added the Frenchman. ECB boss Mario Draghi had recently said that fluctuations in the exchange rate were "a source of uncertainty". The central bank had to keep an eye on the movements and the impact on price stability.
The share of the Community currency has risen by a good 15 per cent to the dollar since the beginning of the year. This is becoming untimely for the ECB. This will make European export goods more expensive on the world market and become more unattractive. This weakens the growth target. In addition, imports are becoming cheaper and inflation is tending to slow down. It would be even more difficult for the ECB to reach its target of inflation of just under two per cent.
Coeure, however, made it clear that the European Central Bank (ECB) wanted to achieve this mark in the medium term. With a persistant blast that keeps inflation on the ground for a longer period of time, monetary leaders would be prepared to take more time to reach that goal. The effects of the ultralock monetary policy are also capable of compensating for a part of the effects of the euro exchange rate, which ultimately dampened the price pressure.
The ECB is currently reviewing its debts, particularly in Germany, which are likely to be controversial in Germany, and is expected to make discretion in October. The $ 2.28 trillion-dollar securities purchase program is currently the sharpest sword of currency managers in the fight against weak inflation. Purchases are expected to continue until the end of 2017. In view of the upswing, many experts expect the ECB to reverse the purchases of currently 60 million euro from January.
(Reuters)

Related

Bachelorette Finale How Long

Bachelorette Finale How Long Bachelorette Finale How Long Vlogs Bachelorette-Paar: «Es bleibt eine

Zimbabwe's first lady is said to hav

The first lady of Zimbabwe, Grace Mugabe, is said to have blown a

Sinead O'connor Edgewater Nj

Sinead O'connor Edgewater Nj Sinead O'connor Edgewater Nj Vlogs We would like to

The Bachelorette Finale Episode 10

The Bachelorette Finale Episode 10 The Bachelorette Finale Episode 10 Vlogs Andi &