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.
Additional declarations
“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.”
Market reaction
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.
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