ECB’s Villeroy says fiscal policy must not influence monetary policy

PARIS (Reuters) – Governments should not expect the European Central Bank to let fiscal issues take precedence when it sets its monetary policy even if financial stability is at stake, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

“There can be no fiscal dominance and no influence of any national fiscal policy on our common monetary policy,” Villeroy, who is also governor of the Bank of France, told a conference in Paris.

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