ECB Villeroy: data points too much weaker 1H growth than forecast

Author: Greg Michalowski | Category: Central Banks

ECB Gilroy speaks in New York

He adds:
  • ECB forecasts assume 2H  rebound as headwinds fay
  •  first-half growth was much weaker than forecast
  •  inflation to recover gradually after slipping in 2019
  • the ECB is committing  to maintaining ample stimulus for as long as necessary to reach its inflation target
  • France is less exposed to the global downturn than its peers
  • The Brexit delay is wise and welcome
  • ECB conviced the impact on negative rates is still positive
The EURUSD is little changed as it waffles in a narrow trading range.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose