Interest rate hikes by the European Central Bank will need to come at a"pragmatic pace" in the coming months, French ECB policymaker Francois Villeroy de Galhau said today.
After raising interest rates by 2.5 percentage points in five months, they had reached a level where they neither fuel inflation nor restrict it, said Villeroy, who is also the head of the French central bank. "In 2023, new interest rate hikes will very likely be needed in the coming months at a pragmatic pace in order to bring inflation towards 2%," Villeroy told the French Senate's finance committee.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB must step up efforts to 'green' monetary policyThe European Central Bank must adjust its monetary policy to make it more climate-friendly, even as it shrinks its bloated balance sheet to fight runaway inflation in the euro zone, ECB board member Isabel Schnabel said today.
Source: RTEbusiness - 🏆 16. / 61 Read more »
Source: IrishTimes - 🏆 3. / 98 Read more »
European Union warns TikTok to respect EU data lawsTikTok's parent company, ByteDance is already under investigation by the Data Protection Commission in Ireland over whether it violated the EU's data protection law in the way it processed children's personal data Children shouldn't be on sites like this, so the fault should lay with the parents
Source: rtenews - 🏆 1. / 99 Read more »
Source: IrishTimesSport - 🏆 2. / 99 Read more »
Source: IrishTimesBiz - 🏆 6. / 77 Read more »