Weidmann: ECB Shouldn't React to Daily Forex Moves

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Weidmann: ECB Shouldn't React to Daily Forex Moves

Weidmann: ECB Shouldn't React to Daily Forex Moves
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Weidmann: ECB Shouldn't React to Daily Forex Moves

by WSJ Live 2:58 mins

European Central Bank Governing Council member Jens Weidmann said that the ECB shouldn’t react to daily changes of the exchange rate. He said that the euro’s exchange rate isn’t a policy target, but that it impacts the outlook for inflation and economic growth.

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