fxs_header_sponsor_anchor

News

ECB's Villeroy: Expect a decisive June meeting and an active summer

Commenting on the policy outlook, European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Monday that he expects a decisive policy meeting in June and an active summer, as reported by Reuters. 

Additional takeaways

"Pace of the further steps will take into account actual activity and inflation data with some optionality and gradualism, but we should at least move towards the neutral rate."

"We will carefully monitor developments in the effective exchange rate, as a significant driver of imported inflation."

"A euro that is too weak would go against our price stability objective."

Market reaction

Despite these hawkish comments, the EUR/USD pair continues to trade in a relatively tight range near 1.0400 in the early European session.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.