ECB Must Limit Emergency Powers to Temporary Crises, Mersch Says
The ECB’s longest-serving policy maker Yves Mersch, a lawyer by training, is responsible for the ECB’s legal services.
He has also been at the center of decisions since the single currency’s birth, as head of Luxembourg’s central bank from 1998 and then on the ECB’s six-member board from 2012.
He’ll step down in December.
Mersch stressed that the ECB doesn’t target the exchange rate, but acknowledged it is “obvious” that it affects the measurement of inflation and must be monitored.
Bloomberg 23 September 2020
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