ECB’s Options Remain Open at Coming Meetings, Villeroy Says
- Policymaker says peak of rates is close or very close
- Euro area will avoid a recession, Villeroy says on French TV
Francois Villeroy de Galhau
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European Central Bank Governing Council member Francois Villeroy de Galhau said interest rates are near a peak, but declined to indicate if that means the institution should hike or hold next week.
“I’m not going to say today what we will decide Sept. 14, all the more so because our options are open for this meeting as they are for following meetings,” the Bank of France Governor said on BFM Business. “But I’m convinced we are close or very close to the high point of interest rates.”