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Draghi unfazed for now as ECB watches euro inflation impact

Bloomberg If Mario Draghi is worried about the strength of the euro, he’s hiding it well for now. The European Central Bank president has shirked any invitation so far to bemoan the recent appreciation of the single currency in the style of his predecessor Jean-Claude Trichet, who used to complain about “brutal” moves that risk damping growth. Instead, Draghi has ...

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Philippine central bank head seeks calm as peso hits 11-yr low

Bloomberg Bangko Sentral ng Pilipinas Governor Nestor Espenilla called for calm on Sunday after the peso fell to an almost 11-year low against the dollar last week, saying the currency isn’t expected to free fall given the nation’s strong economic fundamentals. “The peso is market-determined. It’s natural for it to show volatility as it adjusts to market conditions and all ...

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BOE’s Saunders sees long-term economic damage from Brexit

Bloomberg Bank of England policy maker Michael Saunders said the decision to leave the European Union will have a long-term effect on the economy, though there’s still an argument to increase interest rates now. In an interview in the Evening Standard newspaper, the external Monetary Policy Committee member said Brexit probably means the economy will grow “several percentage points less ...

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