Economics
Euro Demands Draghi's Attention at First ECB Meeting of 2018
- Survey data on Wednesday show slight slowdown in manufacturing
- Policy makers are in Frankfurt to discuss stimulus strategies
Portuguese Finance Minister Worried About Protectionist Policies
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There’s one question European Central Bank President Mario Draghi won’t be able to ignore at his first policy meeting of the year: whether the euro is too strong for the currency bloc’s health.
In the six weeks since the previous decision, the single currency for 19 European nations has surged to the highest level against the dollar in more than three years and at one point posted its biggest single-day gain since late 2014. That’s alarmed officials such as Vice President Vitor Constancio, concerned that the exchange rate will put undue downward pressure on already-weak inflation.