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French governor suggests wider ECB mandate

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French governor suggests wider ECB mandate

Commentary: French governor suggests wider ECB mandate

By David Marsh in London

François Villeroy de Galhau, the Banque de France governor, has promoted a new European monetary approach by suggesting the European Central Bank should more directly widen its operating mandate beyond targeting purely price stability. In a deft speech opening a OMFIF-Banque de France symposium, he said the ECB’s strategic review would go considerably further than the refashioning of the US Federal Reserve’s monetary framework.

Read the full commentary on the website.

 

 

 

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