ECB's Coeure: QE has successfully boosted economic growth and inflation prospects

Eren Sengezer FXStreet

Key highlights from the presentation by Benoît Cœuré, Member of the Executive Board of the ECB, at the Foreign Exchange Contact Group meeting, 11 July 2017:

QE has successfully boosted economic growth and inflation prospects
QE has clearly caused spillover effects on other countries via capital flows and relative asset price movements
Currency depreciation is a side-effect of policy and neither its main transmission channel, nor its objective
The view that asset purchase programmes in large advanced economies have encouraged harmful currency wars is misleading
The world of monetary policy is not an arena where central banks engage and compete for advantage

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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