ECB Liebscher Sees No Stagflation Risk In Euro Zone

European Central Bank Governing Council member Klaus Liebscher said Monday he sees no risk of stagflation in the euro zone, since economic growth seems solid.

Economists and analysts have voiced concerns that the U.S. economy could enter a phase of stagflation following the subprime credit crisis and the rise in the price of crude oil, but Liebscher dismissed a question on whether such a scenario could happen in the euro zone.

"How can we talk about stagflation when we see growth in the euro zone of around potential?" Liebscher said to reporters on the sidelines of a conference in Vienna.

Liebscher added, however, that "risks to economic growth are on the downside, and risks to price stability on the upside." He declined to flag whether the ECB governing council is looking to hike interest rates at its next meeting.

"We have no precommitment on whether to raise rates," Liebscher said, adding that "everything is data related."

Liebscher had said earlier in the day that the current exchange rate volatility has been included as a parameter in the ECB's interest rate decisions.

Monday afternoon Liebscher described the euro's rise against the dollar as a "sharp and substantial rise," but declined to comment on whether the euro's current strength reflects current fundamentals.

Comments

Anonymous said…
buy zolpidem side effects of zolpidem 10mg - zolpidem tartrate 5 mg high
Anonymous said…
order valium valium 027 - valium test anxiety
Anonymous said…
ambien zolpidem zolpidem tartrate and breastfeeding - zolpidem good ambien
Anonymous said…
buy valium online valium valrelease diazepam forum topix - generic valium white pill
Anonymous said…
buy zolpidem much does zolpidem cost walgreens - ambien side effects dreams
Anonymous said…
diazepam overdose buy 5mg diazepam online - diazepam recreational use dosage
Anonymous said…
generic lorazepam buy lorazepam without prescriptions - ativan onset of action
Anonymous said…
diazepam cheap diazepam for dogs same as humans - uses of diazepam(valium)
Anonymous said…
valium generic valium online forum - does half life valium mean
Anonymous said…
buy somas buy soma online ship florida - buy soma stanyan
Anonymous said…
valium cost valium pills do they do - valium medication
Anonymous said…
carisoprodol carisoprodol overdose mg - buy soma underwear
Anonymous said…
buy valium diazepam klonopin vs valium drug test - order valium 10mg
Anonymous said…
cheap soma online carisoprodol 250 side effects - where to buy soma panties
Anonymous said…
buy valium online 10 mg valium price - valium 5 mg tablets
Anonymous said…
buy ambien online without prescription ambien cost costco - ambien cr to ambien
Anonymous said…
buy valium online overnight delivery buy valium no prescription - valium 70 mg

Popular posts from this blog

Forex and Futures: RSI signal, Relative Strenght Index