“We will probably continue to raise rates, but we may do so in a more flexible and possibly slower manner.“European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau said late on Monday, speaking from Tokyo.
Additional comments
We are clearly approaching the “range of normalization”which can be estimated at around 2%.
We have removed a substantial part of the accommodation, after the ECB Governing Council set the deposit facility rate at 1.5% on 27 October.
Fiscal measures should be aimed at maintaining the “price level” that encourages a decrease in energy consumption.
Though tax measures are politically necessary, should be temporary and target consumers who need them most.
Signs that US headline and core inflation peaked last Thursday are good news for everyone.
Favorable conditions to interrupt rate hikes would be clear signs of a change in trend in core inflation.
Source: Fx Street
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