The European Central Bank needs to keep its policy options open in the face of growing economic risks, ECB policymaker Francois Villeroy de Galhau said on Thursday, warning against storing its crisis-fighting tools away too quickly. Speaking in Luxembourg, Villeroy said that while the path toward monetary policy normalization remained desirable, it must also be “gradual and pragmatic”. “We need to keep our options open... we are predictable, but not precommitted,” said Villeroy, who is also head of France’s central bank. The ECB ended its 2.6 trillion euro ($3 trillion) crisis-era asset purchase scheme last month, ... (full story)