ECB's Governing Council member Villeroy: Coronavirus outbreak will have negative but temporary consequences on growth

Market news

25 February 2020

ECB's Governing Council member Villeroy: Coronavirus outbreak will have negative but temporary consequences on growth

Coronavirus is a negative supply-side shock, hence one shouldn't overstate adequacy of monetary policy response
Bank of France will likely revise slightly downward 2020 French growth forecast (which is currently at 1.1 percent)

European stocks closed: FTSE 100 7,017.88 -138.95 -1.94% DAX 12,790.49 -244.75 -1.88% CAC 40 5,679.68 -112.19 -1.94%

UK's PM press office: "The EU mandate stresses (reasonably) the importance of its own legal autonomy. We are equally determined to protect ours"

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