ECB does not target the exchange rate, but it is an important variable: de Guindos

[September 12, 2020]    BERLIN (Reuters) - The European Central Bank does not target the euro exchange rate in its policy, but it is an important variable and the bank monitors it when assessing the effects on price stability, European Central Bank vie president Luis de Guindos said.

European Central Bank (ECB) Vice-President Luis de Guindos attends a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, October 24, 2019. REUTERS/Ralph Orlowski

De Guindos was answering a question on the appreciation of the euro exchange rate at a press conference after of European Union finance ministers in Berlin.

(Reporting by Jan Strupczewski)

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