Six months after the European Central Bank’s measures were introduced, evidence suggests that all of the policy has stabilized markets, protected the supply of credit and supported the recovery, the chief economist of the European Central Bank said on Thursday. European Central Bank (ECB) Philip Lane.
“Accepting that inflation will take longer to reach the target would be costly,” Lane added during a speech at the Jackson Hole Symposium. “A longer phase of even lower inflation could take hold and contribute to a downward slide in inflation expectations.”
EUR / USD has moved lower in the last few minutes and was last seen trading with small daily losses at 1.3135.