Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Accommodative monetary policy still needed: ECB's Villeroy

Published 07/19/2017, 04:19 AM
Updated 07/19/2017, 04:20 AM
© Reuters. Francois Villeroy de Galhau arrives at the Petruzzelli Theatre during a G7 for Financial ministers in the southern Italian city of Bari

PARIS (Reuters) - The European Central Bank has made progress steering inflation towards its two percent inflation target but loose monetary policy is still necessary, ECB policymaker Francois Villeroy de Galhau said on Wednesday.

Speaking to the finance commission of France's lower house of parliament in his role as the head of the Bank of France, Villeroy said the ECB had defeated the risk of deflation even though inflation still remained far from the target.

"We have made progress, but we have not yet reached the target and so there is still a need for our accommodative monetary policy," Villeroy said.

"We are adapting its intensity depending on the economic situation and progress towards the target," Villeroy added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.