ECB’s Villeroy: Will maintain its rate at 4% for a sufficiently long time
|European Central Bank's (ECB) Governing Council member Francois Villeroy de Galhau said on Tuesday, “ECB will maintain its rate at 4 pct for a sufficiently long time, as it is an efficient remedy.”
Additional quotes
Inflation is a sickness, interest rates are the medicine, the medicine is beginning to work.
Current ECB rate is at a good level, better to be patient now.
Once inflation comes back towards 2, ECB rate can be lowered.
The ECB is not at the point today where we could cut rates.
Market reaction
EUR/USD is testing lows near 1.0675 on the above comments, down 0.12% 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.