Speciale, Alessandro, (2017), “ECB Worried About the Euro? Economists Say ‘Not So Much’”, Bloomberg Markets, 5 Σεπτεμβρίου
European Central Bank Governing Council member Ewald Nowotny said last week that the euro’s recent rise shouldn’t be “over-dramatized,” a notion that economists seem to agree with.
The euro has surged more than 13 percent against the dollar this year. In terms of the real exchange rate against the euro area’s major trading partners (a measure that that the ECB keeps a closer eye on) the rise is more modest, but still a significant 5.9 percent. A sizeable part of that has come since the latest policy meeting in July.
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