ECB's Villeroy: Policy is accommodative and attentive

Eren Sengezer FXStreet

As the economic situation stabilises in the eurozone, so will the monetary policy, European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Friday, as reported by Reuters.

"We are seeing the beginning of stabilisation in the eurozone," Villeroy further added. "The monetary policy is accommodative and attentive."

These comments had little to no impact on the shared currency's performance. As of writing, the EUR/USD pair was trading at 1.1180, adding 0.45% on a daily basis. Earlier in the day, the pair touched the 1.12 mark for the first time since August.

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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