Remarks by ECB policymaker, Francois Villeroy de Galhau
- ECB to maintain accommodative monetary policy as long as necessary
- There was no discussion yesterday on PEPP envelope size
- There will be flexibility on all levels with regards to bond purchases
Pretty much what we already know since the ECB statement release and Lagarde's press conference yesterday. The central bank looked to have done its part yesterday but we are already seeing 10-year bund yields reverse the move completely today:
