ECB’s Villeroy: Too soon to talk about terminal rate
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Following his weekend’s remarks, European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau said on Monday, it is “too soon to talk about the terminal rate.”
He added that the central bank will “decide what is needed on a meeting-by-meeting basis.”
On Sunday, Villeroy noted that “the European Central Bank should raise interest rates by 50 basis points at its next meeting (December 15).”
At the time of writing, EUR/USD is adding 0.07% on the day to trade at 1.0545.
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