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“The discussion at the Governing Council at the start of September is behind us,” he said in Paris, in comments confirmed by his institution. “Everyone spoke legitimately, and the decisions were taken legitimately.”
The central bank must keep policy accommodative, and where possible, governments should ramp up fiscal support, Villeroy said.
The Bank of France chief was one of the dissenters against President Mario Draghi’s push to restart quantitative easing last month. Together with colleagues from Germany and elsewhere, the countries whose governors opposed the decision amounted to more than half the euro zone by population and economic output.
“We are turning the page on the Governing Council, where everyone spoke and where decisions were taken,” he said. “We are turning to the future.”