ECB's Schnabel: Our measures are having the desired effect

1 month ago 20
43 CBD Solutions

The European Central Bank's (ECB) policy measures are having the desired effect, Isabel Schnabel, member of the Executive Board of the ECB, said on Friday. "Sometimes it takes time for measures to work," Schnabel further added.

Earlier in the day, ECB chief economist Philip Lane said that the ECB's policy has to remain very accommodative amid a lack of monetary momentum in the inflation dynamic.

Market reaction

The EUR/USD pair largely ignored these comments and was last seen gaining 0.32% on a daily basis at 1.1852.

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.

Read Entire Article