ECB's Villeroy: Our very accommodative monetary stance at present appropriate
|Given the uncertainty, it would be a mistake to set an end date for the pandemic response, European Central Bank (ECB) Governing Council member François Villeroy de Galhau said on Friday, as reported by Reuters.
"If greater action is needed due to incoming data, we would have the capacity and will to act," Villeroy added. "Our very accommodative monetary stance at present is appropriate."
Market reaction
These comments don't seem to be having a significant impact on the shared currency's performance against its rivals. The EUR/USD pair was last seen trading at 1.1722, gaining 0.15% on a daily basis.
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.