Further comments by Villeroy

  • As long as we are not at inflation target, must keep accomodative policy
  • Says that ECB can do more if current downturn worsens
  • Hasn't yet achieved price stability

The same stuff we've been hearing all week from the ECB. Nothing new here from Villeroy. EUR/USD holds steady at 1.1336, stuck within a 15 pips range on the day still.