PARIS (Reuters) – The European Central Bank’s latest economic forecasts are still valid and its monetary policy stance appears to be appropriate, ECB policymaker Francois Villeroy de Galhau said on Tuesday.
“In our latest forecast in March, we expected a significant but temporary slowdown. Notwithstanding persistent and substantial geopolitical uncertainties, recent economic data does not contradict this forecast,” Villeroy said.
“As our economic analysis is confirmed, our monetary policy as stated in March appears appropriate at this stage,” he added in a speech at the Bank of France.
Villeroy is governor of the Bank of France, in addition to being an ECB policymaker.
Reporting by Leigh Thomas; Editing by Sudip Kar-GuptaOur Standards:The Thomson Reuters Trust Principles.