ECB Should Be Orderly, Determined With Rate Hikes, Villeroy Says

The European Central Bank must be “orderly and determined” with rate increases after hiking by a record 75 basis points on Thursday, Bank of France Governor Francois Villeroy de Galhau said on Friday.

Central bankers need to avoid a repeat of the 1970s, when they waited too long to respond to surging prices and the US Federal Reserve had to raise rates at a brutal pace, Villeroy said in an interview with BFM Business television.