• European Central Bank Governing Council Member Jozef Makuch: the central bank’s quantitative easing has led to an increase in inflation, to a higher economic growth and to a weaker euro against the U.S. dollar

Market news

10 June 2015

European Central Bank Governing Council Member Jozef Makuch: the central bank’s quantitative easing has led to an increase in inflation, to a higher economic growth and to a weaker euro against the U.S. dollar

The European Central Bank (ECB) Governing Council Member Jozef Makuch said on Tuesday that the central bank's quantitative easing has led to an increase in inflation, to a higher economic growth and to a weaker euro against the U.S. dollar.

"We can say it has been a successful operation, it was the correct move which is being shown in the rise of inflation, which was the main motive, and also (there is) the indirect effect of higher GDP growth and the wholly indirect, though visible effect in the form of a low exchange rate of the euro to other currencies, mainly to the US dollar," Makuch noted.

He also said that the ECB governing council wants to keep Greece in the Eurozone if it meets its commitments.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.