Publication - The international role of the euro
Developments in the international role of the euro in 2015 and early 2016
The developments seen over this period took place in an environment of heightened uncertainty around global economic prospects and changing market expectations as to the path of monetary policy across major economies. The main drivers of international use of the euro were the additional unconventional monetary policy measures implemented by the ECB, the slowerthan-expected pace of normalisation of the Federal Reserve’s monetary policy, and concerns about developments in China and EMEs more generally.





