3/31, 4:01 PM (Source: TeleTrader)
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Villeroy: ECB may still have 'a little way to go'

Bank of France Governor Francois Villeroy de Galhau suggested Friday that the ECB may still have "a little way to go" on interest rates.

"Although we have completed most of our rate-hiking journey, we may possibly still have a little way to go," Villeroy said in an interview with Frankfurter Allgemeine Zeitung. "After that, we need to stay the course for as long as necessary."

According to the French central banker, the ECB estimates that it will take 1 to 2 years for interest rates to affect inflation.

Baha Breaking News (BBN) / JG