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de Guindos interview

ECB

ECB Vice-President De Guindos has been interviewed by Postimees. The whole interview is available here, with the following key quote on the euro:

"We at the ECB don’t target the exchange rate. But it is a very important macroeconomic indicator that we take into account when making our projections. Undoubtedly, the depreciation of the euro has been one of the factors behind the high inflation and the rise in energy prices denominated in euro. The exchange rate was of course considered in our discussion last week, as we are aware of its impact on the evolution of inflation."

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