Currency worries cloud ECB's QE debate

Draghi says 'bulk' of decisions on winding down measures to be made in October

7th September, 2017
ECB announces QE decisions. Pic: Getty

Thursday's meeting of the bank's Governing Council was overshadowed by recent volatility on the currency markets.

A stronger euro has a dampening effect on prices, as it reduces the cost of imported goods and services. It also affects European exporters.

The single currency has jumped from around $1.04 at the start of the year to $1.20, while it has made even bigger gains against sterling and the Japanese yen.

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