“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.
“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.”
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.
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.