ECB's Villeroy: Our very accommodative monetary policy stance at present is appropriate

Author: Justin Low | Category: Central Banks

Comments by ECB governing council member, Francois Villeroy de Galhau

  • If greater action is needed due to incoming data, we have the capacity and willingness to act accordingly
  • Given the present uncertainty, it would be a mistake to set an end date for the ECB's pandemic response
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Some token remarks by Villeroy, as we have seen from most ECB speakers this week. All of this is mainly to reaffirm that they are still in a wait-and-see approach and will only consider more action should there be material downside to incoming economic data.

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