ECB’s Villeroy Says It’s Too Early to Discuss Terminal Rate

European Central Bank Governing Council member Francois Villeroy de Galhau said it’s too early to discuss where interest rates will peak, saying the monetary-tightening process should be carried out at the appropriate pace.

“Financial institutions want an orderly increase,” Villeroy told an event Monday in Paris. “It is, largely. But it doesn’t mean too slow, nor predetermined.”