ECB’s Draghi Signals Warning Over Euro’s Surge

Article source
Wall Street Journal

FRANKFURT—The euro’s rapid appreciation this year may affect the timing of any future move by the European Central Bank to unwind its easy-money policies, its president warned Thursday.

The ECB left its policy mix unchanged on Thursday, rejecting an early move to scale back its large monetary stimulus amid lingering concerns over weak inflation and a surging euro.

“The recent volatility in exchange rates represents a source of uncertainty which requires monitoring with regard to its possible implications for the outlook for price stability,” ECB President Mario Draghi said in a news conference.

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