Exclusive News Reporting and Insights on Central Banks and Debt Issuers

Latest News

Exclusives

Insights

ECB Insight: Villeroy’s Dovish Bias Persists Beneath a Softer Tone

ECB Insight: Villeroy’s Dovish Bias Persists Beneath a Softer Tone

By Marta Vilar – MADRID (Econostream) – Until recently among the European Central Bank Governing Council’s clearest voices in favor of further rate cuts, Banque de France Governor François Villeroy de Galhau has lately sounded unmistakably less eager to beat the drums for more easing.

7 November 2025

ECB Tone Meter

Entire Governing Council

26 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 21 November 2025

ECB Tone Meter

Meeting Bias

ECB Governing Council Meeting