Economic news

ECB still has to fight inflation-Villeroy

2022.12.16 03:24

[ad_1]


ECB still has to fight inflation-Villeroy

Budrigannews.com – Francois Villeroy de Galhau, a member of the European Central Bank (ECB) and head of the Bank of France, stated on Friday that the fight against inflation was not over and that it should reach its peak in the first half of 2023 before easing.

Villeroy stated on BFM Business radio, “We finished the first half (of the match), but the match is not over.”

He continued, “We are committed to returning inflation to 2% by the end of 2024 or the end of 2025.”

Villeroy reiterated that the European economy should avoid a hard landing next year and that inflation should reach a peak sometime in the first half of 2023 before falling.

More South Korea Pension Fund Increases Hedging Limit

As part of a determined fight against runaway inflation, the European Central Bank (ECB) slowed down the pace of its interest rate hikes on Thursday but emphasized that significant tightening was still to come. It also announced plans to remove cash from the financial system.

The European Central Bank (ECB) increased the interest rate it charges on bank deposits by 50 basis points to 2%, following similar actions this week by the U.S. Federal Reserve and the Bank of England.

ECB still has to fight inflation-Villeroy

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 82,968.23 0.06%
ethereum
Ethereum (ETH) $ 1,933.54 1.51%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.29 0.49%
bnb
BNB (BNB) $ 618.24 2.03%
solana
Solana (SOL) $ 126.01 1.56%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.708362 0.41%
dogecoin
Dogecoin (DOGE) $ 0.168251 0.28%
tron
TRON (TRX) $ 0.234604 5.52%
staked-ether
Lido Staked Ether (STETH) $ 1,932.48 1.43%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,822.19 0.07%
leo-token
LEO Token (LEO) $ 9.76 0.40%
chainlink
Chainlink (LINK) $ 13.89 0.11%
the-open-network
Toncoin (TON) $ 3.56 2.80%
stellar
Stellar (XLM) $ 0.277807 4.02%
usds
USDS (USDS) $ 0.999842 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,320.91 1.72%
avalanche-2
Avalanche (AVAX) $ 19.14 2.58%
pi-network
Pi Network (PI) $ 1.14 2.93%
hedera-hashgraph
Hedera (HBAR) $ 0.187083 0.49%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.17%
sui
Sui (SUI) $ 2.32 0.12%
mantra-dao
MANTRA (OM) $ 7.04 2.10%
polkadot
Polkadot (DOT) $ 4.53 6.47%
litecoin
Litecoin (LTC) $ 90.03 0.32%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.28 0.20%
bitget-token
Bitget Token (BGB) $ 4.61 4.12%
ethena-usde
Ethena USDe (USDE) $ 0.999676 0.02%
weth
WETH (WETH) $ 1,932.99 1.57%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.10%
hyperliquid
Hyperliquid (HYPE) $ 13.97 7.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,052.45 1.48%
whitebit
WhiteBIT Coin (WBT) $ 28.14 0.92%
monero
Monero (XMR) $ 208.98 0.60%
uniswap
Uniswap (UNI) $ 6.36 2.50%
susds
sUSDS (SUSDS) $ 1.04 0.05%
aptos
Aptos (APT) $ 5.49 4.32%
dai
Dai (DAI) $ 0.999951 0.01%
okb
OKB (OKB) $ 52.25 0.03%
near
NEAR Protocol (NEAR) $ 2.59 1.30%
pepe
Pepe (PEPE) $ 0.000007 0.20%
internet-computer
Internet Computer (ICP) $ 5.85 0.47%
ethereum-classic
Ethereum Classic (ETC) $ 17.90 1.61%
gatechain-token
Gate (GT) $ 21.98 0.85%
mantle
Mantle (MNT) $ 0.800017 2.83%
ondo-finance
Ondo (ONDO) $ 0.840688 0.73%
aave
Aave (AAVE) $ 171.28 0.03%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,968.23 0.10%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.03 5.87%