ECB’s Villeroy - Eurozone inflation remains too low

Bank of France governor and ECB member Villeroy was on the wires today stating the inflation in the Eurozone is too low, but added it is still not in deflation.

Key Quotes

Eurozone domestic demand is resilient

ECB will be looking for signs of second-round effects of low oil prices when it publishes its forecasts next week

Risks to global economy have indisputably increased

Market volatility is excessive

Must not let inflation forecasts become too pessimistic