France's Mer-ECB rates a powerful tool on FX moves

France's Finance Minister Francis Mer has called ECB interest rates a "powerful lever" that could be used in response to the declining dollar. "It's a powerful lever that can be mobilised in a non-inflationary environment," he said.

Source: Reuters

French Finance Minister Francis Mer said on Tuesday that ECB rates were a "powerful lever" that could be used in response to a declining dollar.

In a speech opening a parliamentary debate on France's 2004 budget bill, Mer cited the recent drop in the