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ECB’s Villeroy: Reasonable to raise rates into positive territory by year-end
Commenting on the interest rates outlook, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said Friday, it is “reasonable to raise rates into positive territory by the year-end.”
Further comments
“Inflation expectations are less and less anchored at 2% now.”
“Must watch exchange rate developments.”
“Too weak a euro jeopardizes price stability objective.”
Market reaction
EUR/USD is rebounding towards 1.0550, as the US dollar eases from fresh two-decade highs ahead of the critical US NFP release.
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