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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

ECB Monetary Policy Kept Unchanged Despite Weak Economic data

April, 10 2018
watermark Economic news

Following the weakened data from the eurozone economic indicators, the European Central Bank does not deem necessary to adopt the monetary policy, according to the ECB Executive Board member, Benoit Coeure said on Monday.

He also said on France Info radio that the economy is not expected to slow down. Instead, a correction is highly waited out after reaching the multi-year highs.

Despite the correction, he said that they do not need to revise the outlook. “I can’t speak for the future but we are going to keep following this,” he added.

The future monetary policy would be highly relative to the economic indicators but the goal is for long-term which would be highly accommodative.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.