Ace Worldwide News Group 10:33 on June 29, 2020

#AceFinanceDesk ………….The European Central Bank will need to keep monetary policy loose until its inflation target is clearly in sight, ECB policymaker Francois Villeroy de Galhau said on Sunday in an interview with Handelsblatt.

“Inflation in Europe’s single currency bloc is at its weakest in four years, standing at just 0.1% in May and forecast to average 0.3% in 2020, far below the ECB’s target of close to but less than 2%.”

Published: June.28: 2020: https://t.co/nRIScUqj9s

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#AceFinanceDesk ………….The European Central Bank will need to keep monetary policy loose until its inflation target is clearly in sight, ECB policymaker Francois Villeroy de Galhau said on Sunday in an interview with Handelsblatt.