Inflation
ECB watching impact of euro rate on inflation
Weak euro helps exports but fuels inflation, French official says
The European Central Bank is watching the euro-dollar exchange rate as recent lows can further stoke already record inflation, according to Governing Council member Francois Villeroy De Galhau.
“It’s good news for activity as it supports exporters but unfortunately it raises inflation a bit,” Villeroy, who also heads France’s central bank, told France Info radio. “The exchange rate isn’t something we set but we follow it because it counts for inflation.”
Battered by steep interest-rate ...
