ECB's Villeroy: Central bank will keep accommodative policy for as long as needed
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.