[HIGHLIGHTS] Villeroy, 'peak rates in the next three meetings'

The ECB will peak rates in its next three meetings, not necessarily raising at every meeting, Francois Villeroy de Galhau said. According to Bloomberg, the governor was "wise and cautious" to slow the pace of hikes to 25 basis points this month.

"We have already completed most of our upward path, and we are clearly in restrictive territory," he said. Now "we have three possible governing councils to raise or pause," he added, according to Bloomberg. (ANSA)