BOF governor and ECB governing council member Villeroy on the wires 27 Oct
- ECB to use all tools in progressive normalization
- decision to reduce bond buys is justified by confidence that inflation will gradually converge towards ECB's 2% target
- must not focus excessively on bond buys which are part of tolls available to ECB
EURUSD unfazed at 1.1625 but EURGBP higher at 0.8880 and pushing GBPUSD below 1.3100.
