ECB's Villeroy: Totally justified to keep accommodative policy for now

Dhwani Mehta FXStreet

The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said that it is “totally justified to keep an accommodative monetary policy for now.”

Additional quotes

“See the mid-point of its forecast horizon for 2% inflation target coming in around 12-18 months.”

“Will look again at the ECB’s asset purchase programme this autumn. “

“We will keep the PEPP programme.”

“There was a large majority around ECB president Lagarde’s views yesterday.”

Market reaction

EUR/USD is testing lows on the ECB policymaker’s dovish comments. The spot is now trading at 1.1765, modestly lower on the day.

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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