Exchange rate volatility is 'source of uncertainty'
European Central Bank chief Mario Draghi
Frankfurt am Main - Muslimchronicle
European Central Bank chief Mario Draghi on Thursday voiced concern over the recent strength of the euro, which is putting the brakes on inflation at a time when policymakers are looking to wind down stimulus measures.
"The recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability," Draghi said at a press conference.
The euro has risen by more than 10 percent against the greenback this year, currently hovering near $1.20.
source: AFP
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