It is 'premature' to bet on a cut to interest rates, Francois Villeroy de Galhau, France's central bank governor, told CNBC exclusively on Monday.
"We should remain at this level for a sufficiently long period of time," Francois Villeroy de Galhau, France's central bank governor, said about interest rates in the euro zone.A poll published by Reuters earlier this month showed that economists do not expect further rate hikes from the central bank this year and suggested that rate cuts could happen in the second half of 2024.
Market players have wondered whether the ECB has reached the peak of its rate-hiking cycle. The central bank said at its September meeting that "the Governing Council considers that the key ECB interest rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to the target."rate hikes
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