Monetary policy is overburdened – ECB’s P.Praet

At his speech today, ECB’s Executive Board member Peter Praet argued that the main concern is the lack of trust in the globalisation, while monetary policy is giving signs of being overburdened.

Praet also stated that the ECB is doing what is needed in order to fulfil its mandate.

EUR/USD remains parked in the mid-1.1100s ahead of key Fed speakers later in the NA session (Harker, Kashkari and Kaplan).