ECB should raise rates to neutral ‘without hesitation’ – Villeroy de Galhau

fran-ois-villeroy-de-galhau-gouverneur-de-la-banque-de-france-hd-1-m-2
François Villeroy de Galhau

Banque de France governor François Villeroy de Galhau said the European Central Bank should continue increasing rates to get to the neutral level by the end of 2022.

The member of the ECB’s governing council estimates the eurozone’s neutral rate of interest is “below or close to 2%”. In order to address rising inflation, “we should go there without hesitation, by the end of the year”, he said in an interview published on October 4.

The ECB policy rate stands at 0.75%. Most observers expect the

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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

If you already have an account, please sign in here.

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 here: