European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau reiterated on Monday that the ECB stands prepared to do what it takes to get inflation returned down beneath 2%, as pronounced by using Reuters.
“We want to steadily normalise the financial policy,” Villeroy similarly added.
Market reaction
These remarks do not appear to be having a substantive have an impact on on the shared currency’s performance in opposition to its main rivals. As of writing, the EUR/USD pair used to be buying and selling at 1.1328, the place it used to be down 0.12% on a day by day basis.
