As long as inflation remains at lower levels, there can’t be any change to the monetary policy, the European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said in an interview on Friday.
Additional quotes
“There is no risk in Europe of economy overheating or a lasting inflation rebound.”
“Euro should play a bigger role at the international level.”
“This should be a priority for euro area member countries.”
Earlier today, while commenting on the withdrawal of the French fiscal relief measures, he said that “it will have to be done without rush, but without fear as well.”
Market reaction
EUR/USD tests highs a thread line short of the 1.2100 level, gaining 0.09% on the day.
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