ECB’s Villeroy: It makes sense for interest rates to reach 2% by the summer.

Dhwani Mehta FXStreet

Speaking in a scheduled appearance on Wednesday, European Central Bank (ECB) policymaker Francois Villeroy de Galhau noted: “It makes sense for interest rates to reach 2% by the summer.”

Additional comments

We have practically won the battle against inflation.

It makes sense for interest rates to reach 2% by the summer.

Risks to French growth forecast (0.9% for 2025) are to the downside.

But we do not see a recession happening.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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