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Non-conventional policy measures having positive effect – ECB Villeroy de Galhau

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau is now crossing the wires via MNI, commenting on the latest ECB policy decision.

    Key Quotes:

    Market reaction to Dec 3 measures 'excessive'

    Euro rate to have positive price competitive effect

    Non-conventional pol measures having positive effect

    There is no great divergence between US and Euro zone monetary policy

    Exchange rate not a monetary policy goal but lower Euro vs. Dollar has positive effect on competitiveness in Euro zone
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