ECB's Villeroy: Hard Brexit is less and less implausible
|European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau recently crossed the wires arguing that the global economy was decelerating, not necessarily heading into a recession.
Key quotes (via Reuters)
- Hard Brexit is less and less implausible.
- We need to assess the extent to which the recent slowdown and drop in inflation are temporary.
- If drags fade away, and if geopolitical risks recede, GDP growth could rebound from next spring or summer.
- Should a downturn last beyond that horizon we would be ready to adapt our monetary policy guidance.
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