High exchange rates and low inflation…’unhealthy’ for EU
From the Telegraph: The European Central Bank has expressed alarm over the surging euro, accusing the Trump administration of driving down the dollar to gain trade advantage in breach of global accords. Minutes from the ECB’s policy meeting in January flagged concerns that the overly-strong exchange rate had become unhealthy and “required monitoring”, with doves on the Governing Council clearly worried that the eurozone is still caught in a low inflation trap with no safety buffer against fresh … Continue reading