ECB's Villeroy: Coronavirus will have negative but temporary consequences

Author: Adam Button | Category: Central Banks

Villeroy comments:

  • Bank of France will likely revise slightly downward 2020 French growth forecast (which is currently at 1.1%)
  • Coronavirus is a supply-side shock, hence one shouldn't overstate the adequacy of a monetary policy response
Meanwhile, Goldman Sachs has restricted non-essential business travel to (and within) affected areas of Italy, as well as other parts of Asia excluding Australia, New Zealand and India.

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