ECB’s Villeroy Urges Transparency and Flexibility in Future Policy Moves

European Central Bank Governing Council member Francois Villeroy de Galhau said the institution must keep its future monetary-policy decisions “fully transparent and open,” stressing that credibility hinges on clear communication with markets. Speaking on 25 July, the Banque de France governor added that policymakers should adopt a “flexible and practical” stance as they navigate heightened market volatility, basing any move on incoming data and updated forecasts.