Villeroy Says ECB’s Policy Guide Is Economic Data, Not Markets

The European Central Bank will act at coming meetings “if and when needed” based on data, not market expectations, Governing Council member Francois Villeroy de Galhau said.

“We take account of market indications, but we must not be market dependent,’’ Villeroy said at a Bank of France conference in Paris on Tuesday. “In our next Governing Council meetings, we will assess real economic data and we will act accordingly if and when needed.”