Central Banks
Villeroy Urges ECB Hikes Until Underlying Inflation Has Peaked
- Villeroy sees zenith of headline inflation in first half 2023
- Pace of hikes may slow as rates ‘not far’ from neutral level
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The European Central Bank should keep raising interest rates, even at a reduced pace, until inflation excluding energy and food prices starts to ease, Governing Council member Francois Villeroy de Galhau said.
“As long as underlying inflation has not clearly peaked, we shouldn’t stop on rates,” the Bank of France Governor said in an interview with the Irish Times.