Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1696
    +0.0003 (+0.02%)
     
  • GBP/USD

    1.2631
    +0.0009 (+0.07%)
     
  • Bitcoin GBP

    55,541.01
    -194.34 (-0.35%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

ECB policy should remain accommodative in coming years, Villeroy tells BBG

FILE PHOTO: IMF and World Bank hold 2019 Annual Fall Meetings in Washington

PARIS (Reuters) - The European Central Bank's monetary policy should remain accommodative in coming years, ECB policymaker Francois Villeroy de Galhau said on Wednesday.

Villeroy, who is also Bank of France governor, also told Bloomberg TV that inflation at 2% was a target but not a ceiling.

"Obviously our monetary policy should remain accommodative for the years to come. But our combination of instruments could evolve", Villeroy said.

Villeroy on Tuesday said that the ECB should spell out its tolerance for overshooting its inflation target.

(Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by David Goodman)