ECB's Kocher in a Bloomberg interview says that a lot has happened since the last ECB meeting in December; says "of course exchange rate matters"
Importance
Level 1
- Says uncertainty remains high.
- Important to keep full optionality.
- Need to act quickly and decisively.
- Notes downside risk remains at large.
- Modest Eurozone growth forecasts, supported by German stimulus and savings rate.
- ECB is fine as long as deviations from 2% CPI are modest.
- Euro appreciation was substantial over the past year.
- Can't exclude anything on rates.
- At the moment, doing fine on rates.
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