- ECB's Villeroy: No need for ECB to raise rates next year
Market news
3 November 2021
ECB's Villeroy: No need for ECB to raise rates next year
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Wednesday that there was no need for the ECB to raise its policy rate in 2022, as reported by Reuters.
Regarding the inflation outlook in France, Villeroy noted that it's expected to return below 2% next year.
Market reaction
The shared currency came under renewed bearish pressure following these comments. As of writing, the EUR/USD pair was trading at fresh session lows near 1.1570, losing 0.05% on a daily basis.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page