Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

ECB needs to take account of improved financing conditions - Villeroy

Published 08/30/2021, 02:39 AM
Updated 08/30/2021, 07:05 AM
© Reuters. FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau arrives for the G20 meeting during the IMF and World Bank's 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, October 18, 2019. REUTERS/Mike Theiler/File Pho

PARIS (Reuters) - The European Central Bank should take account of a recent improvement in financing conditions in discussing the future of its pandemic-related monthly asset purchases, ECB policymaker Francois Villeroy de Galhau said on Monday.

Villeroy, who is also governor of the Bank of France, said there was no urgency to decide on the future of the Pandemic Emergency Purchase Programme at the ECB's September meeting because unlike the U.S. Federal Reserve, the ECB could adjust its monthly purchases according to financing conditions.

Speaking on BFM Business radio, Villeroy said that financing conditions in the euro zone had improved since the ECB's last meeting in June.

"Our discussion should take account of this improvement in financing conditions," Villeroy said.

© Reuters. FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled

He also said the economies in France and the euro zone should be back to pre-COVID levels in early 2022 or maybe earlier, that there was no risk of durably higher inflation at this stage.

(Refiles to correct spelling of BFM Business in paragraph 3)

Latest comments

no way jose... they don't know what they are talking about.
Install Our App
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.