ECB’s Villeroy: Our hands completely free for next monetary policy move
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
“For our next policy move, we have our hands completely free,” European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday, as reported by Reuters.
“We cannot exclude a limited recession.”
“We decided to frontload on our monetary policy normalisation because inflation is too high, especially core inflation.”
“Our will and our capacity to deliver on our mandate cannot be subject to any doubt whatsoever.”
“Nobody should speculate about the magnitude of the next step – we did not create a new jumbo habit.”
“The neutral rate can be estimated in the euro area at below or close to 2% according to me.”
The EUR/USD pair preserves its bullish momentum following these comments and it was last seen rising 1.1% on the day at 1.0105.
[/s2If]
Join Our Telegram Group
