ECB Villeroy: Interest rate should be at neutral by year end

ECB Governing Council member Francois Villeroy de Galhau said it’s still too early to decide whether the central bank should hike by 50bps or 75bps at October 27 meeting. But he noted interest rate should be at neutral level, or “a bit less than 2%” by year end. Then, ECB could start shrinking its balance […]

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