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- ECB's governing council member Mersch: ECB does not target the exchange rate - Bloomberg
ECB's governing council member Mersch: ECB does not target the exchange rate - Bloomberg
- It is obvious that exchange rate has had effects on inflation
- ECB will monitor very closely the effects of exchange rate developments, but this is by no way a change in strategy
- PEPP has been extremely efficient, but it is an emergency instrument
- It must be temporary, such flexibility cannot be applied to QE
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