ECB’s Villeroy: Low interest rates are consistent with mandate

Speaking on Radio Classique, ECB governing council member and Bank of France governor Villeroy said that Europe needs a finance minister in place, besides commenting on the inflation outlook.

Key Quotes:

Low interest rates are consistent with mandate

Sees no asset bubbles in financial markets

Europe needs a finance minister and co-ordinated policies

French 2016 GDP growth should exceed 2015's +1.2%

French growth remains "insufficient"