ECB's Villeroy: Monetary policy to remain accommodative as long as necessary to achieve price target

Further comments are out from the European Central Bank (ECB) Governing Council member and Bank of France Head Villeroy, as he now speaks on the central bank’s monetary policy outlook.

Key Quotes:

“Depending on the flow of economic data, the timing can be adapted with any necessary flexibility. And the intensity of the various mechanisms should be calibrated with total pragmatism.”

“In line with its mandate, monetary policy will remain accommodative as long as necessary to reach the medium-term inflation target.”