Rehn says the exchange rate is not a target of the central bank’s monetary policy, but it does have an impact

Commenting on the euro exchange rate, the member of the Governing Council of the European Central Bank (ECB), Olli Rehn, said on Tuesday that “the exchange rate is not an objective of the central bank’s monetary policy, but it has an impact”.

Additional comments:

The size of the PEPP is not a targetbut a roof for now. “

“It will bring market conditions to implementation.”

Currencies are being closely monitored“.

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