ECB’s Villeroy: Do not expect rate hike at next week's meeting
European Central Bank (ECB) Governing Council (GC) member and Bank of France Governor, François Villeroy de Galhau, urged patience on the bank’s interest rate move amid the Middle East conflict.
Key quotes
We must remain calm amid the Iran crisis.
Expects French economic growth to remain on target.
Iran conflict has raised uncertainty.
Expects slightly more inflation, less growth due to conflict.
Inflation in France will remain low, does not see stagflation.
Energy prices is a small part of consumption.
Do not expect rate hike at next week's ECB meeting.
Market reaction
At the time of writing, EUR/USD is trading 0.21% higher on the day at 1.1632, little affected by these comments.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.19% | -0.22% | -0.03% | -0.11% | -0.72% | -0.24% | -0.19% | |
| EUR | 0.19% | -0.03% | 0.17% | 0.08% | -0.53% | -0.04% | 0.01% | |
| GBP | 0.22% | 0.03% | 0.19% | 0.11% | -0.50% | -0.01% | 0.04% | |
| JPY | 0.03% | -0.17% | -0.19% | -0.08% | -0.70% | -0.22% | -0.17% | |
| CAD | 0.11% | -0.08% | -0.11% | 0.08% | -0.61% | -0.13% | -0.08% | |
| AUD | 0.72% | 0.53% | 0.50% | 0.70% | 0.61% | 0.48% | 0.56% | |
| NZD | 0.24% | 0.04% | 0.01% | 0.22% | 0.13% | -0.48% | 0.05% | |
| CHF | 0.19% | -0.01% | -0.04% | 0.17% | 0.08% | -0.56% | -0.05% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
