ECB’s Villeroy: Desirable to reach the right 'terminal rate' by next summer

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau said late Thursday, "it would be desirable to reach the right 'terminal rate' by next summer, but it is too early to say at what level.”

"We need to be pragmatic and guided by observed data, including underlying inflation, without fetishism for increases that are too mechanical,” Villeroy added.

Market reaction

EUR/USD was last seen trading at 1.0532, up 0.14% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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