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- European Central Bank Governing Council Member Jozef Makuch: the central bank’s quantitative easing has led to an increase in inflation, to a higher economic growth and to a weaker euro against the U.S. dollar
European Central Bank Governing Council Member Jozef Makuch: the central bank’s quantitative easing has led to an increase in inflation, to a higher economic growth and to a weaker euro against the U.S. dollar
The European Central Bank (ECB) Governing Council Member Jozef Makuch said on Tuesday that the central bank's quantitative easing has led to an increase in inflation, to a higher economic growth and to a weaker euro against the U.S. dollar.
"We can say it has been a successful operation, it was the correct move which is being shown in the rise of inflation, which was the main motive, and also (there is) the indirect effect of higher GDP growth and the wholly indirect, though visible effect in the form of a low exchange rate of the euro to other currencies, mainly to the US dollar," Makuch noted.
He also said that the ECB governing council wants to keep Greece in the Eurozone if it meets its commitments.
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