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Villeroy: Policy Reponse Moving To "Long-Distance" Race

ECB

ECB Governing Council member Villeroy notes that the Eurozone continues to face the risk of entrenched inflation given that price pressures are more widespread and potentially more persistent, while he also stressed that the impact of rate hikes will be amplified in the coming months, with the already deployed tightening in the process of passing through the economy.

  • Villeroy went on to underscore the Bank’s commitment to combatting inflation, will pointing to a policy response that is moving from a “sprint” to a “long-distance” race.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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