ECB could bring rates close to 2% by year’s end, says French governor

François Villeroy de Galhau estimates eurozone’s neutral rate is below or near 2%

François Villeroy de Galhau

The European Central Bank could increase interest rates to close to 2% by the year’s end, Banque de France governor François Villeroy de Galhau said.

Monetary policy normalisation is “fully warranted”, said Villeroy de Galhau, giving the Michel Camdessus Central Banking Lecture at the IMF’s Washington, DC headquarters on September 14.

Inflation in the eurozone increased year on year by 9.1% in August, a record high. On September 8, the ECB’s governing council increased interest rates by 75

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account