The member of the Governing Council of the European Central Bank (ECB), François Villeroy de Galhau, said Tuesday that he disagrees with suggestions that the ECB it should provide a quantitative definition of “favorable financing conditions” or it should introduce a control of the yield curve, according to Reuters.
“The time has not yet come to leave the exceptional measures.”
“The flexible average inflation target leaves many questions unanswered.”
“I prefer a strengthened, non-linear forward-looking guide that explicitly mentions tolerance to overshoot inflation.”
The pair EUR/USD It did not show an immediate reaction to these comments and was last seen gaining 0.17% on the day at 1.1931.