The member of the Governing Council of the European Central Bank and President of the Bank of France, Francois Villeroy de Galhau, made a statement, collected by Reuters, highlighting that the negative effects of the euro exchange rate are being closely monitored.
“We will maintain favorable monetary conditions as long as necessary. “
“We remain clearly committed to the 2% inflation target.”
EUR / USD back below 1.2200
He EUR/USD it has seen a quick drop below 1.2200 following the previous comments, now trading around 1.2184, shedding 0.18% on the day.