The post Monetary policy remains in good shape appeared on BitcoinEthereumNews.com. European Central Bank (ECB) President Christine Lagarde said in an interview at the Financial Times (FT) Global Boardroom Conference in London during the European trading session on Wednesday that the current monetary policy is in good shape and the central bank will might revise growth projections higher. Additional remarks We remain in a good place. May upgrade projections again in December. Euro-zone economy quite close to potential. Growth projections are likely to be revised higher. ECB must focus on inflation and take the economy into account. Defense is the perfect case for joint EU financing. FX Implications The impact of ECB Lagarde’s comments appears to be insignificant on the Euro (EUR), with the EUR/USD pair staying marginally higher around 1.1640 since the open. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of… The post Monetary policy remains in good shape appeared on BitcoinEthereumNews.com. European Central Bank (ECB) President Christine Lagarde said in an interview at the Financial Times (FT) Global Boardroom Conference in London during the European trading session on Wednesday that the current monetary policy is in good shape and the central bank will might revise growth projections higher. Additional remarks We remain in a good place. May upgrade projections again in December. Euro-zone economy quite close to potential. Growth projections are likely to be revised higher. ECB must focus on inflation and take the economy into account. Defense is the perfect case for joint EU financing. FX Implications The impact of ECB Lagarde’s comments appears to be insignificant on the Euro (EUR), with the EUR/USD pair staying marginally higher around 1.1640 since the open. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of…