The ECB is attentive to the appreciation of the euro: Lagarde

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The ECB is attentive to the appreciation of the euro: Lagarde




File photo. Euro banknotes exhibited at the Croatian National Bank in Zagreb


© Reuters/ANTONIO BRONIC
File photo. Euro banknotes exhibited at the Croatian National Bank in Zagreb


PARIS, Sep 21 (Reuters) – The European Central Bank (ECB) is watching the appreciation of the euro, the bank’s president, Christine Lagarde, said on Monday.

“The appreciation of the euro obviously has a role in different areas and as far as monetary policy is concerned, it exerts downward pressure on the price level,” Lagarde said, in response to questions during a public event.

“We are very attentive to the appreciation of the euro and we take it into account when determining our monetary policy,” he added.

(Reporting by Leigh Thomas; written by Maya Nikolaeva. Edited in Spanish by Marion Giraldo)

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