EMU could group 1.7% in 2016 – ECB’s Villeroy

FXStreet (Edinburgh) - ECB’s Governing Council member F. Villeroy de Galhau believes the euro region could growth 1.7% during the present year.

Villeroy has also defended the current ECB’s accommodative monetary stance, stressing that the actual level of low interest rates in the region are necessary.

No major remarks on the exchange rate, only that it remains favourable to the French economic growth.