ECB’s Villeroy: The change in rate increase rythm is an important signal

Market news

5 May 2023

ECB’s Villeroy: The change in rate increase rythm is an important signal

European Central Bank (ECB) Governing Council member and Bank of France head Francois Villeroy de Galhau said on Friday, “The change in rate increase rythm is an important signal," per Reuters.

Additional comments

I favor smaller European Central Bank rate increases.

There will likely be several more hikes.

The economic situation is resilient in France and in the Eurozone.

Our goal is to win the fight against inflation without triggering a recession.

We will bring inflation inflation back to 2% by 2025, maybe even by the end of 2024.

Monetary policy is efficient.

EUR/USD remains firmer

Upbeat comments from the ECB Official add strength to the EUR/USD run-up, up 0.17% intraday near 1.1032 by the press time.

Currencies. Daily history for Friday, May 5, 2023

Commodities. Daily history for Thursday, May 4, 2023

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