• The European Central Bank won’t be swayed from a first interest-rate cut in June by oil price uncertainty, Governing Council member Francois Villeroy de Galhau said.
• According to the Bank of France governor, even if conflict in the Middle East did push up oil costs, policymakers would have to first analyze if such a shock fueled underlying prices and inflation expectations. That means there’s no “mechanical” reaction, he said in an interview with Les Echos published Sunday.
• Asked if uncertainty could delay the start of monetary easing, he said “no — unless there is a surprise, we must not wait too much.”