Published on Monday, February 5, 2018 | Updated on Monday, February 5, 2018
All at sea with the euro?
Summary
In a kind of déjà vu, the European Central Bank (ECB) is once again showing how ill at ease it is with exchange rate volatility. It did so when the euro appreciated to 1.20 against the dollar, and this was a factor in the downward revision of its inflation forecast and the subsequent announcement of the extension of its asset purchase programme for another nine months.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Central Banks
Tags
- Tags
- Inflation
- ECB
- Exchange rate
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Authors
SC
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis