PARIS — The European Central Bank should slow the pace of its asset purchases while also keeping monetary policy accommodative overall, ECB Governing Council member Francois Villeroy de Galhau said on Thursday. Despite firming economic growth in the euro zone, the ECB has only gradually moved towards reducing its exceptionally loose monetary policy as inflation has remained below its two percent target. Villeroy said there was no doubt that the current economic and job market recovery would lead to higher inflation although questions linger about how long that will take. "We are facing today a simple requirement linked to our mandate of maintaining price stability and the progress towards our inflation target," Villeroy told group of bankers in a speech made available to the pressAdvertisement Continue reading the main story"We must reduce the intensity of our net asset purchases while also keeping overall our monetary policy significantly accommodative," Villeroy added.

Source: New York Times September 28, 2017 12:20 UTC