ECB's Villeroy: Critical mass of data needed before tightening policy
In his annual letter to French President Emmanuel Macron on the state of the economy on Monday, European Central Bank (ECB) policymaker Francois Villeroy de Galhau argued that the ECB needs gather a "critical mass of data" suggesting that inflation is becoming entrenched before tightening the policy, per Reuters.
Market reaction
EUR/USD largely ignored these comments and was last seen trading virtually unchanged on the day at 1.1720.
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