(ANSA) - ROME, FEBRUARY 17 - The European Central Bank will probably raise interest rates to their maximum level by September and then keep them at that level at least until next year to ensure that inflation returns to the 2% target.
Governing council member Francois Villeroyde Galhau said this at a symposium in Paris, reports Bloomberg.
"It is our duty to remember that the battle against inflation will only be won through perseverance, maintaining high interest rates as long as necessary - Villeroy clarified - We must be careful not to declare victory too quickly".
(HANDLE).