- The increases in US tariffs are not expected to cause inflation to rise.
- It is therefore important to remain completely open about future monetary policy decisions.
- Inflation remains well under control.
- More than ever, in a volatile environment, agile pragmatism in light of data and forecasts is of the essence.
- Risks to growth still tilted to the downside.
- Euro rise has significant disinflationary effect.
Villeroy has been one of the most dovish members and he’s not deviating from that stance here as he keeps the door open for further cuts.
This article was written by Giuseppe Dellamotta at investinglive.com.
