ECB’s Villeroy: following central course of gradual policy normalization

Market news

18 April 2018

ECB’s Villeroy: following central course of gradual policy normalization

Policy to remain accommodative for extended period after qe ends, with sizeable stock of assets
Halting asset purchases in september or december 'not a deep existential question' for ECB
'High convergence of views' within governing council
There are risks rising around protectionism, exchange rates, financial markets
Monetary policy is predictable not pre-committed

U.S. Stocks open: Dow +0.11% Nasdaq +0.09%, S&P +0.20%

ECB's Villeroy sees some economic growth moderation of late - BBG

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