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In an interview with Portuguese magazine Expresso,  ECB policymaker Francois Villeroy de Galhau said that he still believed that the normalisation of the monetary policy was still desirable.  

Key quotes (via Reuters)

  • We should study how to ease possible adverse effects of negative rates if they must be used longer than expected.
  • If current downturn happened to be more durable, then we would adapt.