ECB’s Villeroy: Next move should be guided by the data, not the date
European Central Bank (ECB) policymaker and Bank of France Governor Francois Villeroy de Galhau said in the European trading session on Thursday that the central bank should focus on the data and not the timing of any monetary policy adjustment
Remarks
What should guide us is not a date but the data.
This strikes me as looking a bit too much like disguised forward guidance.
Market reaction
No immediate reaction to ECB Villeroy's comments by the Euro (EUR), as they lack any forward guidance regarding the economy, inflation and interest rates. EUR/USD trades 0.2% higher to near 1.1775 amid weakness in the US Dollar (USD).
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