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Draghi Urged Verbal Discipline on Currencies at G-20 Meeting

ECB President Mario Draghi
European Central Bank President Mario Draghi speaks during a news conference in Moscow. Photographer: Alexander Zemlianichenko Jr./Bloomberg

Feb. 18 (Bloomberg) -- ECB President Mario Draghi said he urged finance chiefs from the G-20 nations to be prudent when talking about currency movements.

* During a G-20 meeting in Moscow last week, “I urged all

parties to very, very strong verbal discipline” because

“the less we talk about it, the better it is,” Draghi told

European lawmakers in Brussels today. “Exchange rates

should reflect fundamentals” and “looking at the real and

nominal exchange rates of the euro, it is by and large

around its long-term averages,” he added

For Related News and Information: Search for central bank stories: NSE MONETARY POLICY Stories on ECB interest rates: STNI ECBACTION <GO> Stories related to the ECB: NI ECB <GO> Euro-region economic stories: TNI ECO EUROP <GO>

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