ECB’s Muller: A timely exit from temporary emergency measures is important

Dhwani Mehta FXStreet

“A timely exit from temporary emergency measures as the economy improves is just as important as decisive policy action during the crisis,” said the European Central Bank (ECB) Governing Council member Madis Muller on Wednesday.

Additional quotes

“This will minimize the risk of undesirable side effects of an accommodative policy being kept in place for longer than necessary.”

“Ultra-low rates have been around for longer than initially expected, so need to study the impact this may have on the financial sector, changes in the real economy.”

Market reaction

The shared currency is unperturbed by the above comments, with EUR/USD keeping its range intact around 1.1780, having bounce-off the critical support at 1.1758. All eyes remain on the ECB policy decision due on Thursday for the next direction in the prices.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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