ECB Villeroy: Reasonable to have positive rates by year end

ECB Governing Council member Francois Villeroy de Galhau said, “the three conditions of our forward guidance on interest rates are, according to my personal judgment, fulfilled. Barring unforeseen new shocks, I would think it reasonable to have entered positive territory by the end of this year.” But he’s vague on the timing of the first […]

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