ECB: Euro strength played no role in rate cut decision
Arab Today
The euro's recent strength was not a factor that persuaded the European Central Bank to cut its key interest rates Thursday, ECB chief Mario Draghi said. "The exchange rate is not a policy target, but is important for price stability," Draghi told a news conference. The euro's strength "played no role in today's decision. I don't think it was even mentioned," he said.
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