ECB President Lagarde (Q&A) says ECB does not target an exchange rate, recognises though that it is important for the economy; ECB keeps a close eye on developments
Important
SourceNewsquawk
SectionECB
- USD has depreciated against the EUR, but not in the last few days
- The significant change has been since March 2025
- Since the summer, EURUSD has fluctuated in a range
- Impact of FX appreciation since last year has been incorporated in its baseline
- Reiterates, ECB always monitors pass-through
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