ECB's Villeroy: As long as inflation remains weak, there can't be any change to monetary policy

Author: Justin Low | Category: Central Banks

Comments by ECB policymaker, Francois Villeroy de Galhau, in an interview

  • As long as low inflation persists, ECB must act according to our mandate
  • There is no risk in Europe of economy over-heating or a lasting inflation rebound
  • Euro should play a bigger role at the international level
  • This should be a priority for euro area member countries
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The inflation remarks keep with the expectation that the ECB will brush aside any positive ticks in the numbers throughout 1H 2021 and label them as transitory/temporary.

Villeroy also took a jab at Elon Musk and Bitcoin, saying that "it is a great talent to buy assets discreetly and then make it public, knowing that it will increase their value". ðŸ§‚

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