ECB's Villeroy speaking
- Inflation target will be central in review
- Inflation objective needs to be symmetrical, flexible
- Economic stabilization justifies stable rates
- We must say how far and over, what time horizon inflation can deviate from the target
- Our inflation target must be credible not only vis-Ã -vis financial markets but also households and companies
- If current stabilization of economic situation is confirmed, a stabilization of monetary policy should follow
- It is neither likely nor desirable that negative interest rates be applied to individuals