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ECB Villeroy: "ECB Not Obliged to Hike at Every Meeting Before September"

EU
  • In an Interview with "Les Echos", Villeroy commented that the ECB is not obliged to hike at every meeting before September.
  • "The central bank could therefore be more moderate in the pace of its future tightening.
  • "We will in no way be forced to raise rates at every board meeting between now and September," the governor warned.
  • We are already in restrictive territory with a deposit rate of 2.5%, especially when it reaches 3% in March.
  • This means that rates have already reached a level where they are slowing the economy." Les Echos.
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