The member of the Governing Council of the European Central Bank (ECB) and President of the Bank of France, François Villeroy de Galhau, said that “interest rates will remain favorable.”
Featured statements
“France and the eurozone should return to pre-crisis levels in early 2022, Maybe before”.
“There is no risk of higher inflation at this stage.”
“Financing conditions have improved since June.”
“There is no risk of a sustainable increase in inflation in the eurozone.”
“The PEPP will apply until at least March 2022.”
“It is not urgent to decide on the PEPP at the September meeting.”
“The ECB will discuss the impact of more favorable conditions.”
Market reaction
The EUR / USD is flirting with daily lows around 1.1795, retreating from Friday’s rally amid a pause in the overall US dollar decline. The pair is almost unchanged on the day.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
