ECB's Coeure Warns Persistent Euro Gains May Weigh on Inflation

European Central Bank Executive Board member Benoit Coeure warned that the rising euro could depress inflation unless it’s offset by a strengthening economy, bolstering the case for keeping monetary policy loose for an extended period. “Exogenous shocks to the exchange rate, if persistent, can le...
ECB's Coeure Warns Persistent Euro Gains May Weigh on Inflation