The Ukrainian crisis
must induce the ECB to "buy time" on a possible rate hike and maintain the "flexibility" to exit the stimulus measures
.
This was stated by the governor of the Banque du France Francois Villeroy de Galhau in a speech reported by Bloomberg ahead of the meeting of the central institution on March 10.
Frankfurt, he explains, he will have to evaluate the "indirect consequences" of the geopolitical events.
"Time is of the essence to avoid mistakes" he points out and it is necessary to weigh the actions that must be "taken not too late with the risk of letting inflation run and not too early in order not to slow down the recovery".
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