Central Banks
ECB Won’t Hike Rates Again, Barring Shocks, Villeroy Says
- Too soon to talk about cutting rates, central banker says
- Inflation clearly on downward trend, Bank of France chief says
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The European Central Bank is done with interest-rate increases unless it has to deal with any more shocks, Governing Council member Francois Villeroy de Galhau said.
The inflation rate in the euro area has fallen threefold in a year and, despite some volatility, the trend is “clearly downward,” the Bank of France Governor told Radio Classique on Thursday.