ECB Has Completed Most of Its Rate-Hike Path, Villeroy Says

The European Central Bank (ECB) is close to the end of its interest rate increases, according to Bank of France Governor Francois Villeroy de Galhau. He believes the duration of tight monetary policy is more important than further rate hikes in combating inflation. Villeroy expects inflation to reach 2% by 2025. The Bank of France’s June forecasts predict a slowdown in inflation and cautious economic growth.