ECB governing council member Villeroy speaks on French television
- Reduction of stimulus will be very gradual
- We remain committed to keeping interest rates low
- ECB will take the necessary time depending on activity, economic situation
They are now hammering home the point that there is an economic slowdown to deal with - not like we didn't see it a from a mile away - but this basically just reinforces the shift in tone by the central bank after the decision yesterday.
If anything, it sure looks like they are setting up to change the rate guidance in March should economic data continue to trend in a similar way it has done over the past few months.
