Banque de France Gov. Christian Noyer says the bulk of the European financial crisis is over, though he added that the European Central Bank stands “ready to act” if the euro appreciates.
Over the weekend, ECB President Mario Draghi said he would ease monetary policy further if the euro remains strong and puts pressure on exports. During an interview with CNBC on Monday, Noyer said the ECB could also buy sovereign debt in addition to securities in a potential easing program.
“There are still things to finish and repair but we see the economy returning to growth,” Noyer said on CNBC’s “Squawk on the Street.” “It’s still uneven, but less and less so. And we have real confidence that we can return to a good path of growth and price stability.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.