August 23, 2017 / 9:23 PM / a month ago

ECB policymaker Hansson says not concerned about strength of euro: Bloomberg

Estonian bank governor Ardo Hansson listens during a news conference following the Governing Council meeting in Tallinn, Estonia, June 8, 2017. REUTERS/Ints Kalnins

(Reuters) - European Central Bank policymaker Ardo Hansson is not concerned about the strength of the euro as officials are preparing to discuss winding down their bond-purchase program, Bloomberg reported on Wednesday.

The euro's 12 percent gain against the dollar EUR= this year is a reflection of the economic momentum of the region, Hansson told Bloomberg in an interview.

"We've been moving in a corridor where I don't think it's a big change," Hansson was quoted as saying in the Bloomberg report. (bloom.bg/2woFnWz)

Last week, Hansson said the ECB’s exit from asset purchases is tied to the recovery of the euro zone economy but low rates and the bank’s oversized balance sheet will provide support for years to come.

The ECB’s rate-setting Governing Council will next meet on Sept. 7 and policymakers have pledged to decide this autumn whether to claw back stimulus at the start of next year.

The ECB were not immediately available for comment.

Reporting by Kanishka Singh in Bengaluru; Editing by James Dalgleish

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