Here are some of the key highlights from the European Central Bank (ECB) Governing Council member and Bank of France governor Francois Villeroy de Galhau's speech, as he presents the introductory passage of the central bank's annual report to the President and senate.
• Net asset purchases should end by December.
• First rate rise could come in summer 2019.
• Monetary policy to remain accommodative.
• World is more unstable now, Euro-zone uncertainty is also rising.
• New Italian government's economic policies still uncertain.
• Each Euro-zone country must abide by its rules.
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