Draghi Says Euro a Concern as ECB Targets October Decision on QE
- ECB cut its inflation outlook on surge in single currency
- Governors considered scenarios for recalibrating QE in 2018
Draghi Says Euro Volatility `Source of Uncertainty'
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Mario Draghi said the European Central Bank is watching the euro’s gains as policy makers edge toward settling the future of their bond-buying program.
“The recent volatility in the exchange rate represents a source of uncertainty which requires monitoring” for its impact on price stability, the ECB president told reporters in Frankfurt on Thursday. He said the decisions on QE are “many, complex, and always naturally one thinks about risks that may materialize in the coming weeks or months, so that is the caution behind not specifying a date -- probably the bulk of these decisions will be taken in October.”