Francois Villeroy de Galhau, governor of the French central bank and a member of the Governing Council of the European Central Bank (ECB), stated late Thursday,
“By next summer, it would be ideal to attain the proper “terminal rate,” but it is too soon to determine at what level.
“We must be realistic and guided by observed indicators, such as underlying inflation, without harboring fetishes for overly mechanical increases, Villeroy continued.
