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Lagarde: Didn't Discuss Possible EUR Weakness

ECB

Q: Did members discuss the possibility of a weaker euro in the light of possible US/UK rate rises and the potential impact on imported inflation?

  • A: We have not discussed this matter today at all.

Q: In your opinion is duration of volume of asset purchases more important for meeting the inflation target? What do you think about the EC proposal on Basel III to delay implementation until 2025?

  • A: With respect to the first question, we did not debate this issue today. The dominant view is that volumes matter more than duration, but the jury is out as to what is the ultimate right answer.
  • On Basel III, from my perspective I would have liked consistency and synchronicity between all regions and all banks, but I don't want to pass judgement.

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