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ECB’s Mersch – There should not be beggar-thy-neighbor policies

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yves Mersch, executive board member of ECB’s policymaking body warned today about the undesirable effects of competitive devaluation of currencies on the Eurozone economy.

    Key quotes

    Everyone is living up to the promises of how the international monetary system is being run.

    And that means they should not be competitive devaluation. There should not be beggar-thy-neighbor policies and the areas that (are) already more on the safer side as what concerns growth and inflation should not try to talk down their currencies.
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