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Lagarde says ECB is monitoring exchange rates "very carefully"

ECB
  • Q: Do you see the strengthening of the euro as a threat? Do you see the ECB using the PEPP envelope in full?
  • A: Reiterates that the PEPP envelope can be used flexibly and that favourable financing conditions must be maintained. The ECB is monitoring very carefully exchanges rates. Stresses 'carefully'. Notes that the exchange rates have impact on prices. The ECB is very 'attentive'. All instruments can be adjusted. Nothing is off the table.

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