ECB's Mersch: Probably difficult to maintain positive growth going into Q4
|“We believe it will probably be difficult to maintain positive growth going into the fourth quarter,” the European Central Bank (ECB) policymaker Yves Mersch said in a Financial Times (FT) interview on Wednesday.
“Although if I look at the German figures, Germany might achieve it,” he added.
Additional quotes
“Since the consequences of this pandemic probably have a longer duration than foreseen when we took the latest calibration decisions in the summer, an obvious candidate for calibration is the timeline extension.”
“As long as the interest rate is below the growth rate, i think the issues of sustainability might not be in the foreground.”
“As of today, I do not see an economic situation that is going to lead to a severe scenario.”
EUR/USD battles 1.1900
EUR/USD is off the two-week highs of 1.1910, currently trading at 1.1900, still up 0.10% on the day.
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.