ECB’s Villeroy: to monitor FX impact on inflation outlook
|ECB governing council member Francois Villeroy de Galhau was out on the wires in the last minute and said:
• Should not focus excessively on sole instrument of monthly net asset purchases
• Whether we end asset purchases in September or taper somewhat more gradually is not a ‘deep existential’ question
• To monitor impact of FX rate evolution, a source of uncertainty
• ECB to be ready to reassess if necessary
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