The evolution of the exchange rate may have a negative impact on the path of inflation

Christine Lagarde, President of the European Central Bank, is issuing her remarks at the 2020 ECB Forum on Central Banking.

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“The The evolution of the exchange rate may have a negative impact on the path of inflation“.

“Even if this second wave of the virus turns out to be less intense than the first, it represents no less danger to the economy.”

“Fiscal policy must remain at the center of the stabilization effort.”

“While the latest news on a vaccine seems encouraging, we could still face recurring cycles of acceleration of viral spread and tightening of restrictions until generalized immunity is achieved. ”

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Credits: Forex Street

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