ECB's Villeroy: We are closely following the negative effects of euro exchange rate

Author: Justin Low | Category: Central Banks

Comments by ECB policymaker, Francois Villeroy de Galhau

  • We remain clearly committed to 2% inflation target
  • Will maintain favourable monetary conditions for as long as necessary
  • We are monitoring with particular attention the negative effects of the euro exchange rate against various currencies
Pretty much the same old, same old by the ECB as this is mostly a reiteration of their stance from towards the end of last year. The headline does offer some caution for the euro, but EUR/USD pretty much still has the license to roam between 1.20 to 1.25 for now.
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