- ECB’s Villeroy: Will maintain its rate at 4% for a sufficiently long time
Market news
19 tháng 9 2023
ECB’s Villeroy: Will maintain its rate at 4% for a sufficiently long time
European Central Bank's (ECB) Governing Council member Francois Villeroy de Galhau said on Tuesday, “ECB will maintain its rate at 4 pct for a sufficiently long time, as it is an efficient remedy.”
Additional quotes
Inflation is a sickness, interest rates are the medicine, the medicine is beginning to work.
Current ECB rate is at a good level, better to be patient now.
Once inflation is back around 2 pct, ECB rate can fall again.
Market reaction
EUR/USD is testing lows near 1.0675 on the above comments, down 0.12% on the day.
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