ECB's Villeroy Sees Autumn as the Season to Adapt Stimulus
- French central-bank head comments in Bloomberg TV interview
- Governing Council differs on when to discuss bond-buying path
ECB's Villeroy Sees Fall as Time to Adopt Stimulus Plan
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The European Central Bank is likely to decide on the next change in its stimulus settings in the fall, when it will continue the process of tweaking its measures to reflect the euro area’s upturn, according to Governing Council member Francois Villeroy de Galhau.
“What we have to do, and what we started to do, is to adapt the intensity of this accommodative monetary policy to the progress toward our inflation target and toward economic recovery,” Villeroy de Galhau said in a Bloomberg Television interview on Saturday. “In the future, and this will be our decision next fall, we will go on adapting the intensity of this monetary policy.”