ECONOMY - FINANCES / (ae) economy

ECB - Strong euro is dampening growth and inflation

Brussels, 14/04/2014 (Agence Europe) - In Washington on Saturday 12 April on the fringes of the IMF and World Bank spring summits, the head of the European Central Bank, Mario Draghi, said the rise in value of the euro justified a new relaxation of monetary policy. He explained that, in recent months, the euro had become increasingly important for price stability and therefore any increase in the exchange rate would require a re-adjustment of monetary policy.

In early March, the ECB head...