ECB Should Watch Oil Price, Euro in Setting Rates, Villeroy Says

The European Central Bank needs to assess fluctuations in oil prices and the euro as it sets borrowing costs, according to Governing Council member Francois Villeroy de Galhau.

While the ECB doesn’t target a particular exchange rate, the common currency has demonstrated surprising strength against the dollar since President Donald Trump began his tariff push. Energy prices, meanwhile, jumped after Israel launched attacks on Iran.