ECB’s Villeroy: We keep our full optionality for our next meetings
|European Central Bank (ECB) Governing Council member and Bank of France President, François Villeroy de Galhau, commented on the interest rate outlook on Friday.
Key quotes
On activity, the latest data have been somewhat disappointing.
Sees very gradual recovery in France beyond one-off olympics stimulus.
We should continue to reduce gradually and as appropriate degree of monetary restriction.
Pace has to be highly pragmatic, we keep our full optionality for our next meetings.
Market reaction
EUR/USD shrugs off the ECB-speak to trade modestly flat at 1.1075, as of writing.
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