ECB's Villeroy: Will assess any indirect consequences of Ukraine crisis in March

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said Wednesday, “we will assess the more indirect consequences of Ukraine crisis on inflation and growth in March.”

Additional quotes

“We will be facts-driven.”

“Optionality about the right monetary stance and flexibility to guarantee right transmission are two names of the game for ECB policy.”

Market reaction

EUR/USD is holding the higher ground near 1.1340, unfazed by these comments. The US dollar remains choppy amid ongoing tensions between Russia and Ukraine.