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Research Detail

2020/09/10 / Erste Group Research

ECB - No change in monetary policy, risks are considerable

As had been widely expected, the Governing Council of the ECB left monetary policy unchanged at its meeting that ended today. At the press conference, ECB President Christine Lagarde addressed the strengthening of the euro over the summer in relatively concrete terms. The explicit mention of the exchange rate is new and probably represents a first escalation stage that signals the markets the ECB's concerns.

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General information

AuthorErste Group Research
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusEurozone
Currency in focusEuro
Sector in focus-


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