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FEB 18, 2013 - MarketWatch

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Draghi repeats FX rate important, but not a target

FRANKFURT (MarketWatch) -- European Central Bank President Mario Draghi, in remarks to a European Parliament committee on Monday, repeated that the euro's exchange rate is an important factor in assessing the inflation outlook but isn't a policy target. The euro weakened earlier this month after Draghi said the ECB would monitor the shared currency's recent appreciation for any sign it was impacting the central bank's assessment of price stability. A stronger currency can weigh on inflation. The euro lost ground as Draghi spoke Monday, slipping to $1.3343 in recent action versus a level ... Read More

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