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MNI BRIEF: US Spillover Not Only In One Direction-ECB's Lane

BundesbankCentral Bank NewsPolicy NewsEuropean Central BankCEEMEAEurozoneGermanyBriefGlobalStoryRegion

MNI (ROME) - The spillovers from the U.S. election from a stronger dollar and higher Federal Reserve rates higher than initially expected are “not only in one direction” of more eurozone inflation, European Central Bank executive board member Philip Lane said on Thursday.

The impact on the exchange rate, bond markets and energy and commodities prices will all be significant, Lane said in an event in Athens. A weaker euro could improve exports, he said, noting that the euro area was not “a small open or dollarised economy”.

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MNI (ROME) - The spillovers from the U.S. election from a stronger dollar and higher Federal Reserve rates higher than initially expected are “not only in one direction” of more eurozone inflation, European Central Bank executive board member Philip Lane said on Thursday.

The impact on the exchange rate, bond markets and energy and commodities prices will all be significant, Lane said in an event in Athens. A weaker euro could improve exports, he said, noting that the euro area was not “a small open or dollarised economy”.

Keep reading...Show less