Summary Coeure says it was "pretty clear" the ECB had to do something to get inflation back to target.
DAVOS (AP) - A top official at the European Central Bank says getting the euro down was not a prime consideration of the bank s recently announced 1.1 trillion-euro ($1.2 trillion) stimulus.
Benoit Coeure, an executive board member at the ECB, told a panel at the World Economic Forum in the Swiss ski resort of Davos on Saturday that the fall in the euro since Thursday s announcement was one of the consequences of the stimulus but "not the most important consideration."
The euro has fallen sharply since the announcement, and is at 11-year lows against the dollar. That could boost growth by making exports from the 19-country eurozone cheaper.
Coeure said it was "pretty clear" the ECB had to do something to get inflation back to target. Prices are falling modestly in the eurozone.
