ECB official unconcerned with euro's strength

Otmar Issing, chief economist of the European Central Bank, said in an interview that the current level of the euro "corresponds to its long-term average". "It is essentially back where it started," he said.

Source: AFP

European Central Bank chief economist Otmar Issing expressed little concern about the euro's rise against the dollar, saying the European currency was still trading in line with its long-term average.

"The current level of the exchange rate corresponds to its long-term average,"

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: