ECB's Smets: Euro strength "point of attention" for ECB - Reuters

More comments being reported by Reuters from the European Central Bank's council member and Belgian central bank governor Jan Smets following a brief talk earlier with Bloomberg reporters.

Key quotes:

• "Foreign exchange rates are a point of attention. The volatility on the foreign exchange markets remains a point of attention"
• "Only if, as we said last time after our monetary policy meeting in Frankfurt, this volatility becomes excessive, when certain levels are breached because of overshooting, because of a devaluation policy to increase competitiveness, can problems occur."
• "A priori the (inflation) target is not aided by the appreciation of the euro,"