Francois Villeroy de Galhaumember of the Governing Council of the European Central Bank (ECB), reiterated on Wednesday that “our options are open at the next interest rate meeting“, adding that “we are close or very close to the maximum in terms of interest rates.”
Featured Statements
There is a slowdown, but no recession.
We may even raise our growth forecast for France a bit in 2023.
We have had early successes in fighting inflation, but we have to persevere.
We must reduce inflation to 2% by 2025.
The recent movement in oil prices may affect the monthly pace of inflation, but this does not change the underlying disinflation trend.
The fight against inflation continues to be our priority.
In our fight against inflation, holding rates long enough now counts more than further significant hikes.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
