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- ECB's Villeroy: Our hands completely free for next monetary policy move
ECB's Villeroy: Our hands completely free for next monetary policy move
"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.
Additional takeaways
"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."
Market reaction
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.
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