ECB’s Villeroy: A temporary recession cannot be excluded

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European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau warned on Friday, “a temporary recession cannot be excluded.”

“Growth for the whole of 2022 will be 2.6%.”

“In 2023, growth will be probably slightly positive. “

EUR/USD is consolidating gains above 1.0550 following the comments from the ECB policymaker. The currency pair is up 0.16% on the day.

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