Central Banks
ECB’s Villeroy Says Slower Inflation Justifies Halting Hikes
- He says can be confident of getting toward 2% target by 2025
- Bank of France head says higher rates beneficial for banks
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The European Central Bank’s decision to halt interest rate increases at its October meeting is fully justified by a slowdown in inflation, Governing Council member Francois Villeroy de Galhau said.
The pace of price increases has declined considerably and an underlying measure clearly passed a peak in the spring after the ECB began tightening last year, the Bank of France governor said.