ECB’s Villeroy says monetary policy stance ‘appears appropriate’

Written by on May 14, 2019

FILE PHOTO: ECB policymaker Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo
FILE PHOTO: European Central Bank policymaker Francois Villeroy de Galhau, who is also governor of the French central bank, attends the Paris Europlace International Financial Forum in Tokyo, Japan, November 19, 2018. REUTERS/Toru Hanai/File Photo

May 14, 2019

PARIS (Reuters) – The European Central Bank’s latest economic forecasts are still valid and its monetary policy stance appears to be appropriate, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

“In our latest forecast in March, we expected a significant but temporary slowdown. Notwithstanding persistent and substantial geopolitical uncertainties, recent economic data does not contradict this forecast,” Villeroy said.

“As our economic analysis is confirmed, our monetary policy as stated in March appears appropriate at this stage,” he added in a speech at the Bank of France.

Villeroy is governor of the Bank of France, in addition to being an ECB policymaker.

(Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta)

Source: OANN

Follow #MagaFirstNews via Social Media
#MagaFirstNews
Tagged as

Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *



[There are no radio stations in the database]