Central Banks
ECB Rate Hikes to End Soon at ‘High Plateau,’ Villeroy Says
- Borrowing costs must stay elevated to impact economy, he says
- Centeno sees inflation coming down ‘faster than the way up’
The European Central Bank.
Photographer: Hannelore Foerster/Getty Images
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The European Central Bank is nearly finished raising interest rates, but will then keep them at a “high plateau” to ensure they fully impact the economy, Governing Council member Francois Villeroy de Galhau said.