Central Banks
ECB’s Villeroy Sees No Justification for More Rate Hikes Now
- French official echoes ECB’s Kazimir in discussing rate peak
- ECB vice president says it’s too soon to talk about cuts
Francois Villeroy de Galhau
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
There are no grounds at present for the European Central Bank to raise interest rates any further, Governing Council member Francois Villeroy de Galhau told Handelsblatt.
Since the ECB’s 10th successive hike last month, there have been “good” figures on inflation and a sharp rise in long term borrowing costs that may even be seen as “excessive,” the Bank of France chief was quoted as saying.