ECB’s Villeroy: ECB could consider new TLTROS if needed
|The European Central Bank (ECB) Governing Council member and Governor of the Bank of France Francois Villeroy de Galhau reiterates the central bank’s stance on the asset purchases programme.
Key Headlines:
Net purchases of assets will probably end in December.
End of our net asset purchases will not mean the end of our monetary stimulus, far from it.
ECB could consider new Targeted longer-term refinancing operations (TLTROS) if needed.
Outlook for inflation in Europe is firmer.
No Need For Precise Reinvestment Horizon In Dec.
We are on course for policy normalization but it will be gradual, predictable.
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