European Central Bank policymaker Francois Villeroy de Galhau in an interview

French central bank governor

Speaking with CNBC television

  • should be no doubt about the ECB's determination to act and its capacity to do so if necessary
  • "We look at the markets but we are not market dependent. We are data dependent"
  • So let us wait for our next governing councils - and there are several to come - to assess the data and then to decide"

Said uncertainty created by trade tensions were the number one threat to the global economy

  • "It's up to political leaders to reduce these uncertainties, which are sometimes self created. We cannot compensate for trade tensions"

EUR unmoved.

European Central Bank policymaker Francois Villeroy de Galhau in an interview