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ECB’s Villeroy: Shouldn’t stop rate hikes until core inflation has clearly peaked

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“As lengthy as underlying inflation has now not simply peaked, we shouldn’t quit charge hikes,” the European Central Bank (ECB) Governing Council member and French central financial institution governor Francois Villeroy de Galhau stated in an interview with the Irish Times on Monday.

Additional quotes
“We are now not some distance from the impartial rate, past which our trekking tempo should be extra bendy and slower.”

“Inflation may want to height in “first semester” of 2023, ought to take two to three years to return to target.”

Market reaction
EURUSD is consolidating its modern leg up at round 0.9950, at the time of writing, nonetheless down 0.15% on the day.

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