- ECB’s Villeroy: No obligation to raise rates by 75bps at December meeting
Market news
28 October 2022
ECB’s Villeroy: No obligation to raise rates by 75bps at December meeting
European Central Bank (ECB) policymaker and the Bank of France's head Francois Villeroy de Galhau said on Friday that there is “no obligation to raise rates by 75bps at the December meeting.”
Additional quotes
“Central Bank will bring inflation back to 2% in 2-3 years’ time.”
“Must be quick with normalization of rates but careful on QT.”
Market reaction
EUR/USD was last seen trading at 0.9970, modestly flat on the day.
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