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ECB's Villeroy: "Patience is more important than raising rates further”

Bank of France President Francois Villeroy de Galhau emphasized that he is in no rush to raise rates further after hiking to 4.00% last week.“From today’s perspective, patience is more important than raising rates further,” he told Bloomberg.He was quizzed on whether rising oil prices could jeopardize the central bank's inflation forecasts, which call for $77.90 in 2025. He said they are "very attentive" to oil but it "doesn’t put into doubt the underlying disinflation."If anything, rising oil p...
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Posted: Sep 24 2023, 23:22
Author Name: forexlive
Views: 090930