Current recovery has, by and large, been driven by monetary policy - ECB's Coeure

At his speech today in Geneva, ECB Board member Benoit Coeure said:

"Current monetary policy will create the necessary price and wage pressures for a return of inflation".

"Ongoing broadening of the recovey, together with gradual disappearance of downside risks increases chances of job creation".

"Structural unemployment has not yet materialized meaningfully in the economy".

"Current recovery has, by and large, been driven by monetary policy".

"Monetary policy cannot run the economy hot as insurance against labour market risks".

 

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 securities. 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 Forex 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.