ECB's Villeroy: Non-standard policies have been effective
|European Central Bank Governing Council member and Bank of France Head Villeroy de Galhau crossed the wires in the last minutes saying that the ECB's non-standard policies had been effective but added that they could also create a mistaken illusion that the policy is "omnipotent."
"It is up to political leaders to restore the confidence they have undermined," Villeroy argued. "Europe needs to make greater use of the scope it has to respond to the slowdown."
The EUR/USD paid no attention to these comments and was last seen trading at 1.1063, losing 0.07% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.