ECB's Villeroy: Hard Brexit is less and less implausible

Eren Sengezer FXStreet

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau recently crossed the wires arguing that the global economy was decelerating, not necessarily heading into a recession.

Key quotes (via Reuters)

Hard Brexit is less and less implausible.
We need to assess the extent to which the recent slowdown and drop in inflation are temporary.
If drags fade away, and if geopolitical risks recede, GDP growth could rebound from next spring or summer.
Should a downturn last beyond that horizon we would be ready to adapt our monetary policy guidance.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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