ECB Villeroy: Price stability preserves consumer spending power

Author: Greg Michalowski | Category: Central Banks

Villeroy speaking in Luxembourg

  • fears of US recession are very premature
  • US economic cycle arriving at maturity
  • euro area economic scenarios relatively favorable
  • EU global activity decelerating, not in downtown
  • yellow vests crisis justifies Macron measures
  • faced with uncertainty, ECB should keep options open
  • gradual normalization of ECB policy still desirable
  • stopping net asset purchases was big decisions
  • sees no need to give additional guidance on timing or details on the process of normalization until next spring
  • wage inflation not yet transmitted to core inflation

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