ECB’s Villeroy: Do not expect rate hike at next week's ECB meeting
Source Fxstreet
European Central Bank (ECB) Governing Council (GC) member and Bank of France Governor, François Villeroy de Galhau, urged patience on the bank’s interest rate move amid the Middle East conflict.
Key quotes
We must remain calm amid the Iran crisis.
Expects French economic growth to remain on target.
Iran conflict has raised uncertainty.
Expects slightly more inflation, less growth due to conflict.
Inflation in France will remain low, does not see stagflation.
Energy prices is a small part of consumption.
Do not expect rate hike at next week's ECB meeting.
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