ECB's Villeroy: March policy is 'appropriate at this stage'
Comments by ECB governing council member, Francois Villeroy de Galhau
- ECB saw significant but temporary slowdown in the economy in March
- Recent data doesn't contradict with March forecasts
- Substantial geopolitical uncertainties continue to persist
He's not telling us anything we don't already know. For now, we can only wait and see how data in Q2 progresses and match that against the ECB's current outlook. That will then provide further clues on how the central bank will go about things in the coming meetings.