ECB Board nominee Schnabel: September stimulus can be justified by current inflation data
|The European Central Bank's (ECB) September stimulus could be justified by current inflation data as well as the outlook for inflation over the medium-term, argued Isabel Schnabel, Germany’s nominee to the board of the ECB.
"Over the past 20 years, the ECB has been very successful in achieving its primary objective of price stability," Schnabel said. "The current situation is characterized by a global downturn, related to rising uncertainty in response to the trade conflict and the looming Brexit."
The EUR/USD pair, which slumped to a daily low of 1.0993 in the last hour, was last seen trading at 1.1000, down 0.07% on the day.
"The experience with low and even negative interest rates in the euro area appears to have been positive," Schnabel further added.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.