Inflation & Prices
Villeroy Says ECB Possibly Has ‘a Little Way to Go’ on Rates
- Bank of France Governor comments in interview with FAZ
- ECB has completed most of rate-hike journey, Villeroy says
Francois Villeroy de Galhau
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The European Central Bank may still have a little way to go on raising interest rates, Governing Council member Francois Villeroy de Galhau said after data showed persistent upward pressure on prices for core goods and services in the euro area.
“Although we have completed most of our rate-hiking journey, we may possibly still have a little way to go,” Villeroy said in an interview with German newspaper Frankfurter Allgemeine Zeitung published Friday. “After that, we need to stay the course for as long as necessary.”