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Easy ECB policy to limit firming euro's negative impact: Coeure

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - European Central Bank policy will remain accommodative for longer than in previous cases of demand shock, likely limiting the negative impact of the euro's appreciation, ECB Executive Board member Benoit Coeure said on Monday. Coeure's comments suggest that policymakers are relatively relaxed about the currency's 14 percent rise against the dollar this year, even as ECB President Mario Draghi singled out the exchange rate last week as a source of uncertainty which requires monitoring."Compared with past demand shocks, policy will remain more accommodative for longer, ...

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First Published: Mon, September 11 2017. 13:40 IST
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