ECB’s Villeroy: There is some economic stabilisation in the Eurozone
|The European Central Bank (ECB) Governing Council member, Francois Villeroy de Galhau, is on the wires now, via Reuters, speaking at the World Economic Forum (WEF) in Davos.
Key Quotes:
There is some economic stabilisation in the Eurozone.
Inflation goal must be symmetric, flexible, and credible.
We see some initial signs of underlying inflation going up, too early to be optimistic.
Fiscal stimulus should be quicker and stronger in Europe.
The EUR/USD pair ignores the above comments, as it continues to meander near daily lows of 1.1042 despite upbeat German and Eurozone Manufacturing PMI data.
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