ECB’s Villeroy: Closely following the negative effects of the euro exchange rate

Ahead of the European Central Bank (ECB) President Christine Lagarde’s speech, the Governing Council member and Bank of France Head Francois Villeroy de Galhau crossed the wires, via Reuters, with the key quotes found below.

“We will keep favourable monetary conditions as long as necessary.”

“We are closely following the negative effects of the euro exchange rate.”