- ECB's Governing Council member Villeroy: Inflation to stay very weak for a long time after the crisis
Market news
8 April 2020
ECB's Governing Council member Villeroy: Inflation to stay very weak for a long time after the crisis
- Europe has made significant progress in its response to the virus crisis
- Even talks in Brussels, there was progress
- It seems they did not manage to agree in the final stretch of text
- And also on one of the mechanisms
- Glass is 3/4 full and there is everything ECB has already done
- We will have "obligation" to keep rates low for a long period of time
- Nothing is excluded in principle from intellectual debate about more radical policy measures but such theories can only be envisaged if there is major downside risk to inflation
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