Further comments by Villeroy on the day

  • There is no change to the rate policy since the June meeting last week
  • Position on rates is in line with unanimous ECB policy

Very much wanting to clarify the situation after he said earlier that the first move could come in the summer itself.

Meanwhile, Nowotny is seen as saying that he sees a weaker euro against the dollar due to differences in interest rate policies. And here I thought the ECB was also moving torwards raising rates. Good stuff.