ECB’s Villeroy performs down inflation risks, says ECB policy should aloof defend very accommodative

© Reuters. FILE PHOTO: Governor of the Financial institution of France Francois Villeroy de Galhau speaks all by a news convention at the G7 finance ministers and central bank governors meeting in Chantilly, shut to Paris, France, July 18, 2019. REUTERS/Pascal Rossignol

PARIS (Reuters) – European Central Financial institution policymaker Francois Villeroy de Galhau talked about on Tuesday that he did no longer think there was “any risk of a durable return of inflation” in the euro zone, and that the ECB’s monetary policy should aloof remain very accommodative.

“As of nowadays, there’s no risk of a durable return of inflation in the euro zone and due to the this truth, it goes without announcing, there’s minute doubt that the monetary policy of the ECB will remain very accommodative,” Villeroy, who is additionally Financial institution of France governor, told a webcast of the Cercle des Economistes.

U.S. and euro zone bond yields rose closing week after bigger-than-expected U.S. person model data stoked concerns about sustained inflation.

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