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ECB Mersch: risks of an asset price correction is increasing
#ECB's Mersch says risks of an asset price correction is increasing: Asset prices are currently at very elevated levels. $EUR
— ForexFlow (@forexflowlive) January 27, 2020
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Mersch: Asset price inflation and monetary policy
The outlook for euro area economic activity and inflation at present warrants the highly accommodative monetary policy implemented by the ECB through our package of policy measures. Nonetheless, the Governing Council remains attentive to the potential side effects of those measures. Monitoring and analysing those side effects is part and parcel of the Governing Council’s ongoing monetary policy assessment and our recently announced strategy review. Indeed, the prolonged period of substantial accommodation and the unconventional nature of our measures call for vigilance on the efficacy of the policy measures and ... (full story)