- ECB's Villeroy: Patience is more important than raising rates further
Market news
25 September 2023
ECB's Villeroy: Patience is more important than raising rates further
Bank of France President Francois Villeroy de Galhau spoke in a weekend interview that he is in no rush to raise rates further after hiking to 4.00% last week, according to Bloomberg.
Key quotes
“From today’s perspective, patience is more important than raising rates further,”
"Very attentive to oil but it doesn’t put into doubt the underlying disinflation.”
“Our outlook and engagement is to bring inflation to around 2% in 2025.”
Market reaction
These comments did not trigger a noticeable market reaction. As of writing, the EUR/USD pair was up 0.01% on the day at 1.0649.
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