ECB’s De Guindos: Exchange rate indirectly affects our reaction function but there's no red line

 The European Central Bank (ECB) Vice President Luis De Guindos commented on the exchange rate while adding that the central bank has still room for additional easing, in a scheduled speech on Thursday.

Key quotes

“Exchange rate indirectly affects our reaction function but there's no red line.”

“The ECB still has ammunition.”

Previously, he said that the “inflation expectations are low, we have to act with available tools.”