ECB’s Villeroy: Monetary patience is more important than activism at present

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Thursday that “Monetary patience is more important than activism at present.”

Additional takeaways

Duration more important than level.

If we can ensure a soft-landing it's a much better route.

Market reaction

The ECB commentary fails to have any impact the Euro, as EUR/USD keeps its range at around 1.0620 so far this Tuesday.

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.

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