ECB’s Villeroy: There is a plausible consensus that we will act at each meeting

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that “there is a plausible consensus that we will act at each meeting.”

Additional quotes

We are not on a pre-set course on rates.

Among major central banks, ECB has the simplest course.

Our view on inflation is quite assured.

Staying vigilant but not worried about inflation.

Progress towards victory against inflation is on track.

If we are decisive about the pace of rate cuts, we don't need larger ones.

But would not rule out larger rate cuts in the future.

Market reaction

EUR/USD extends losses below 1.0350 following these comments, down 0.64% on the day at press time.

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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