ECB’s Villeroy: We should continue to reduce gradually and as appropriate

• We should continue to reduce gradually and as appropriate the degree of monetary restriction.
• ECB must be attentive to risk of undershooting target.
• Market inflation expectations well below the ECB forecasts.
• The latest activity data have been somewhat disappointing.
• Pace of easing has to be highly pragmatic, we keep our full optionality for the next meetings.
• The ECB must be attentive to symmetric risks around the 2% goal.

This article was written by Giuseppe Dellamotta at www.forexlive.com.