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Latest Covid wave shouldn't change economic outlook much – ECB's Villeroy



© Reuters. FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau at the Bank of France in Paris, France, October 22, 2021. REUTERS/Sarah Meyssonnier/File Photo

PARIS (Reuters) – The latest wave of COVID-19 and the emergence of the new Omicron strain is not expected to have much impact on the economic outlook, ECB policymaker and French central bank head Francois Villeroy de Galhau said on Monday.

“Obviously, we must monitor closely the latest COVID developments, and the new Omicron strain,” Villeroy told an online financial conference.

“But the economic effects of the successive waves have proven so far to be less and less damaging, and this one shouldn’t presumably change the economic outlook too much.”

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