ECB policymaker Villeroy: Potential rate hikes will be decided meeting by meeting

Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by ECB policymaker, Francois Villeroy de Galhau Remarks by… ECB will remain vigilant We will not be inactive or overreact to volatility in energy markets We have the ability to act if necessary, ready to do so to stabilise inflation at the 2% target A rate ... ECB will remain vigilant We will not be inactive or overreact to volatility in energy markets We have the ability to act if necessary, ready to do so to stabilise inflation at the 2% target A rate hike looks to be likelier than a rate cut, but the latter cannot be ruled out Potential rate hikes will be decided meeting by meeting We have the eyes on the ball and… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.