ECB's Villeroy says downside risks are probably more significant; the ECB has no FX target

Villeroy’s comments suggest a more cautious tone from the ECB, indicating that downside risks to the economy are being increasingly acknowledged.

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ECB's Villeroy says downside risks are probably more significant; the ECB has no FX target

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This could imply that monetary policy might remain accommodative for a longer period, potentially influencing EUR values and bond markets as traders reassess interest rate expectations.

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