ECB's Lagarde says foreign investors are confident about Europe
Bank
President Christine Lagarde said on Thursday that the
euro
zone appeared to be attracting more foreign investment recently, in a sign that investors are increasingly confident in Europe's economic outlook.
"I would say that the economy is responding quite well to our
monetary policy
, and is delivering on that front," Lagarde told reporters at her regular press conference after the bank's latest rate-setting meeting.
"We perceive a serious momentum to improve, to change, to simplify, to streamline, and to encourage and .. welcome
capital
into Europe. And we are seeing it: The reverse Yankee bonds, significant increase that we have seen in the last few weeks, is a clear indication that there is
trust
in our system," she said.
A reverse Yankee bond is a debt security issued by a U.S. company in a foreign market denominated in another currency, such as the euro.
"The capital flow that we are seeing as well - whether it is European investment returning to Europe or a bit of non-European investment coming to Europe - all that is an indication that at least market forces, investors, those who move real money around, actually see value and have confidence in Europe."
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