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Nowotny: ECB not aiming to weaken euro
December 8, 2014 / 9:08 AM / 3 years ago

Nowotny: ECB not aiming to weaken euro

FRANKFURT (Reuters) - A weakening of the euro currency is not an objective of the European Central Bank, a senior ECB policymaker said on Monday.

“It is not that the ECB has the concrete objective of weakening the euro,” said Ewald Nowotny, a member of the ECB’s Governing Council and head of the Austrian central bank, describing this as a side effect of monetary policy.

Reporting By John O'Donnell and Paul Carrel

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