Euro to Rise; ECB `Many, Many Months’ Behind Fed, BNP Paribas Says

Sep.29 — The euro is set to strengthen due to the “fundamental difference in approach” between the Federal Reserve and the European Central Bank, says BNP Paribas Chief Economist William de Vijlder. It will be “many, many months” before there’s any clarity on whether the ECB will follow the Fed’s footsteps in terms of its approach to inflation targeting, de Vijlder said in an interview on “Bloomberg Markets: European Open.”

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