ECB's Lane: Monetary policy has to remain very accommodative
|European Central Bank's (ECB) chief economist Philip Lane noted on Friday that the ECB's policy has to remain very accommodative in order for them to move towards the inflation target.
"Monetary policy has to remain very accommodative because there's not enough monetary momentum in the inflation dynamic," Lane said, as reported by Reuters. "This is why our focus now is on trying to maintain our asset purchase programmes."
Market reaction
These comments were largely ignored by the market participants. As of writing, the EUR/USD pair was up 0.3% on the day at 1.1848.
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.