ECB's Escriva: Exchange rate level not a concern, inflation projections on target ...Middle East

Inflation should not fall anymoreWe are in a situation in which, despite all the uncertainty and the need to remain vigilant about its impact on prices, our projections are at 2% and rates are at 2%.

Escriva is not saying anything new here. He already spoke last week and made it pretty clear that they are now in a hard pause mode. He's one of those open for interest rates to move in either direction but small deviations from their 2% inflation target won't call for adjustments.

This article was written by Giuseppe Dellamotta at investinglive.com.

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