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Bundesbank Report: ECB Debt Purchase Plan Poses Limited Impact on Euro Exchange Rate
Bundesbank issued a research report, saying that the European Central Bank (ECB)'s debt purchase plan led to a 6.5% depreciation of euro against the US dollar during the period of ...
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Bundesbank Report: ECB Debt Purchase Plan Poses Limited Impact on Euro Exchange Rate
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Bundesbank issued a research report, saying that the European Central Bank (ECB)'s debt purchase plan led to a 6.5% depreciation of euro against the US dollar during the period of October 2014 and December 2016, and most of the devaluation occurred ahead of the debt purchase plan as announced in January 2015, Reuters reported. The report opined that the ECB's debt purchase program did not bring significant additional impact on the euro exchange rate.
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