Central Banks
ECB Should Hit Terminal Rate by Summer, Then Hold, Villeroy Says
- Villeroy says too early to determine where rates should peak
- ECB hikes shouldn’t be ‘too mechanical,’ French official says
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The European Central Bank should complete its interest-rate increases “by the summer” and then be prepared to hold for a potentially sustained period to tame inflation that remains too high, Governing Council member Francois Villeroy de Galhau said.
According to the Bank of France chief, it’s too early to anticipate where rates will peak because hikes in the coming months will depend on incoming data.