ECB'S VILLEROY: PACE HAS TO BE HIGHLY PRAGMATIC, WE KEEP OUR FULL OPTIONALITY FOR OUR NEXT MEETINGS
BUDAPEST, Sept 13 (Reuters) -The European Central Bank should continue to cut interest rates gradually and according to incoming data, ECB policymaker François Villeroy de Galhau said on Friday, calling the latest rate cut an "obvious" move.
"We should continue to reduce gradually and as appropriate the degree of restriction of our monetary policy," the French central bank governor told the Eurofi financial forum in Budapest.
"But the pace has to be highly pragmatic: we are not pre-committing to any particular rate path, and we keep our full optionality for our next meetings."
Reporting by Balazs Koranyi; writing by Francesco Canepa in Frankfurt
Editing by Gareth Jones
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