(ANSA) - ROME, MAY 22 - The ECB will reach the peak of rates in its next three meetings, not necessarily raising at each meeting, said the governor of the French central bank, Francois Villeroy de Galhau. According to Bloomberg, the governor was "wise and cautious" to slow the pace of hikes to 25 basis points this month as the ECB monitors the effect of the unprecedented tightening made so far. "We have already completed most of our upward path, and we are clearly in restrictive territory," Villeroy said. Now "we have three possible governing councils to raise or pause," he added. (ANSA).
Villeroy, 'peak rates in the next three meetings'
2023-05-22T17:29:39.693Z
Highlights: 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)
The ECB will peak rates in its next three meetings, not necessarily raising at every meeting, French Central Bank Governor Francois Villeroy de Galhau said. (ANSA)