Benoît Cœuré: Interview with Bloomberg TV Interview with Mr Benoît Cœuré, Member of the Executive Board of the European Central Bank, and Bloomberg TV, conducted by Ms Francine Lacqua on 12 June 2017. * * *  Benoît Cœuré, thank you so much for speaking to Bloomberg TV. Now, the ECB seems to be in a rush to exit this accommodative stance.
In an ideal world, perhaps, the exchange rate would move simply to reflect actual economic fundamentals - both long-term factors such as structural changes in our relative productivity performance, and medium-term differences in economic cycles. The exchange rate would provide accurate signals to producers, and act as a buffer to temporary pressures. In fact, exchange rates are more volatile than this.