ECB’s Villeroy: Still need accommodative monetary policy

The European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy is out on the wires now, via Reuters, commenting on the ECB’s monetary policy programme and Eurozone inflation outlook.

• EUR/USD: Bears eye 1.1500 amid pre-ECB caution trading

Main Headlines:

Euro zone economic situation is improving

ECB has removed deflation risk

Still need accommodative monetary policy

But are adapting its intensity depending on economic situation & inflation

Brexit presents opportunity for Euro zone