ECB’s Knot: Euro strength would take prominence if it threatens inflation outlook

Commenting on the euro exchange rate, the European Central Bank (ECB) Governing Council member and the head of the Dutch central bank Klass Knot said the euro strength would take prominence for the central bank if it threatens its inflation outlook.

Additional quotes

“The ECB will act if finance conditions were to worsening due to market stress.”

“We have the tools to act on euro strength.”

“Economic outlook depends on vaccine rollout.”

“Economic impact of second wave of lockdowns seems less severe than first.”

“Side effects of monetary policy are worrying, but in crisis there is no trade off.”