Peter Kazimir, member of the Governing Council of the European Central Bank (ECB) said on Tuesday that loose monetary policy is working and helping the recovery.
The The ECB sees no reason to change the loose monetary policy setting at this timeadded.
Market reaction
The EUR / USD has not reacted to the previous comments, holding its range near 1.1900, shedding 0.16% on the day. The US dollar reverses a portion of Monday’s post-FOMC correction.
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