The ECB is not short of ammunition: Villeroy
Tweet
Share
E-mail
FILE PHOTO: Francois Villeroy de Galhau, governor of the Bank of France, attends the Group of 20 (G-20) high-level seminar on financial innovation "Our Future in the Digital Age" on the sidelines of the G-20 finance ministers and central bank governors me
PARIS (Reuters) - The European Central Bank still has powder dry to act in the face of weak inflation if needed, ECB policymaker Francois Villeroy de Galhau said on Wednesday.
Villeroy, who is also governor of the Bank of France, said that neither the ECB's determination nor its means to act should be called into question.
"On the means, we are in no way short of ammunition ... if necessary," Villeroy told lawmakers on the finance commission of France's lower house of parliament.
He cited in particular the level of interest rates, forward guidance about rates, the central bank's stock of assets and measures to boost banks' liquidity.
(Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz
- Lula retains lead over Flavio Bolsonaro ahead of Brazil election, Datafolha shows
- Ukrainian drones hit warehouse of Russian online retailer Ozon in overnight strikes
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
