Villeroy comments on 16 january 2018

  • Policy is not driven by market expectations
  • Confident that ECB will manage a smooth exit
  • Still needs accommodative monetary policy for now
  • Eurozone Has Not Reached Inflation Target Yet, And Not In A Self-Sustaining Way

EURO ticks down again to 1.2205 on the currency’s move comments and caution on inflation. Draghi sending out some of his doves pre ECB next week ?

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