ECB's Villeroy: Tapering will come before liftoff

  • Comments from Villeroy
Villeroy
  • We retain our full optionality on the decisions we will make from March and in the following quarters
  • We stick with our sequencing, starting first with tapering and second lift off. We will also retail full optionality on the pace and timing
  • The direction of the journey is clear, one shouldn't rush to conclusions about its calendar

This underscores what Lagarde said yesterday.

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