Tumpel-Gugerell on financial markets volatility

In the speech 'The volatility of financial markets' Gertrude Tumpel-Gugerell of the ECB said the increasing importance of technology and quantitative methods in the financial markets present new challenges. There are probably no solutions which involve monetary policy only, but monetary policy can do its part of the job. She said the ECB is firmly determined to continue providing Europe with a currency that protects financial markets from the impact of excessive volatility.

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