ECB Officials Follow Draghi in Reminding U.S. of Currency Pact

ECB is confident in path of inflation but patience is needed
Villeroy de Galhau, Coeure comment during WEF in Davos

The U.S. agreed it wouldn’t "target its exchange rate for competitive purposes," Villeroy says. (Scroll to 04:49).Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Mark Deen and Carolynn Look

January 26, 2018 at 9:17 AM UTC

Updated on

January 26, 2018 at 11:42 AM UTC

This article is for subscribers only.

Follow our full coverage of Davos 2018 here.

European Central Bank officials Francois Villeroy de Galhau and Benoit Coeure joined a chorus of policy makers defending a global pledge to refrain from currency devaluations.