ECB's Coeure says “medium term” is likely to be longer given the persistence of subdued inflationary pressure

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11 septiembre 2017

ECB's Coeure says “medium term” is likely to be longer given the persistence of subdued inflationary pressure

There is compelling international evidence that non-standard policy measures have been successful
Exogenous shocks to exchange rate, if persistent, can lead to unwarranted tightening of financial conditions with undesirable consequences for inflation
Compared with past demand shocks, policy will remain more accommodative for longer
Monetary policy never acts in isolation on the exchange

Major European stock exchanges trading in the green zone: FTSE 7412.34 +34.74 + 0.47%, DAX 12387.16 +83.18 + 0.68%, CAC 5151.15 +37.66 + 0.74%

ECB's Coeure says in periods of recovery, confidence and stimulus of monetary policy are likely to offset, at least in part, the disinflationary effects of a stronger currency

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