ECB’s Villeroy: Our options are open at the next and upcoming rate meetings

European Central Bank (ECB) policymaker, Francois Villeroy de Galhau, expressed his take on the central bank’s interest rate outlook.

Key quotes

Underlying inflation has peaked since April and appears to have begun its decline.

But this encouraging sign is still far from sufficient.

Our options are open at the next and upcoming rate meetings.

We are very close to a peak in interest rates.

But far from a point where we could consider rate cuts.

Keeping rates high long enough matters more than the level.