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ECB action "inevitable" if euro rise continues - Mersch
Sustained appreciation in the euro exchange rate would inevitably trigger a reaction by the European Central Bank, ECB Executive Board member Yves Mersch said on Thursday. ECB President Mario Draghi identified the euro's strength at the weekend as a possible trigger for easing policy, underlining the bank's resolve after it vowed at its April 3 policy meeting to monitor the exchange rate closely. Mersch appeared to ratchet up the rhetoric further, telling reporters in Tirana that "if these (foreign exchange) developments would continue, this would inevitably have to trigger a reaction by the ECB in order to ... (full story)
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