12  Introductory statement to the press conference by Mario Draghi, President of the ECB, Frankfurt am Main, 22 January 2015. 6  BIS central bankers’ speeches  achieving an upward movement in inflation, by whatever ways the traditional quantitative approach conceived.
But if the strengthening currency leads to a continuation of the unconventional policies as the country’s authorities become unwilling to give back the growth they obtained by undervaluing their currency, or if the strengthening currency leads to greater domestic political clamour about foreign countries undervaluing their currencies, this rationale is suspect.