ECB does not target the exchange rate, but it is an important variable: Vice president

ECB does not target the exchange rate, but it is an important variable: Vice president

European Central Bank holds a news conference in Frankfurt
FILE PHOTO: European Central Bank (ECB) Vice-President Luis de Guindos attends a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, October 24, 2019. REUTERS/Ralph Orlowski

BERLIN: The European Central Bank does not target the euro exchange rate in its policy, but it is an important variable and the bank monitors it when assessing the effects on price stability, European Central Bank vice president Luis de Guindos said.

De Guindos was answering a question on the appreciation of the euro exchange rate at a press conference after of European Union finance ministers in Berlin.

Source: Reuters

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