Euro internationalisation pushes ECB to rethink policy approach

Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis

euro rates
New perspective: ECB backs European Commission’s initiative to strengthen international role of the euro

A stronger reserve currency status for the euro could require European Central Bank officials to consider more global factors when setting monetary policy.

This is one of the main conclusions of research published by the ECB on June 13, investigating the international role of the euro. If the euro continues to strengthen as a global currency, it could demand fresh perspectives from policy-makers who already have to work hard to reconcile their national differences.

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