Villeroy Says ECB Won’t Raise Rates Again, Excluding Surprises

The European Central Bank won’t increase borrowing costs again, unless there is an unexpected event, according to Governing Council member Francois Villeroy de Galhau.

“Excluding surprises, I don’t think the ECB will raise rates again,” Villeroy said on France 5 television. “A gradual reduction in rates will come one day, but we’re not there yet.”