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- ECB Villeroy: Rates should remain at this level for sufficiently long period of time
ECB Villeroy: Rates should remain at this level for sufficiently long period of time
In a CNBC interview on Monday, European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said that “interest rates should remain at this level for a sufficiently long period of time.”
Additional takeaways
What we see now is a slowdown but still with positive growth.
Positive growth expected for 2024-25.
I have less fear about the economy than I did a year ago.
Inflation should come back towards the 2% target by 2025 while avoiding recession for the economy.
Market reaction
The ECB commentary fails to move the needle around the Euro, as EUR/USD continues to waver in a tight range near 1.0650 so far this Monday.
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