{"id":1671560,"date":"2022-10-04T08:52:04","date_gmt":"2022-10-04T12:52:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1671560"},"modified":"2022-10-04T08:52:42","modified_gmt":"2022-10-04T12:52:42","slug":"ecb-will-raise-rates-as-high-as-needed-to-rein-in-core-inflation-villeroy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ecb-will-raise-rates-as-high-as-needed-to-rein-in-core-inflation-villeroy\/","title":{"rendered":"ECB will raise rates as high as needed to rein in core inflation- Villeroy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fecb-will-raise-rates-as-high-as-needed-to-rein-in-core-inflation-villeroy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1671560&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>PARIS (Reuters) \u2013     The European Central Bank will raise interest rates as much as needed to bring down core inflation although the pace could possibly slow after the end of the year, ECB policymaker Francois Villeroy de Galhau said on Tuesday.<\/p>\n<p>Villeroy, who is also governor of the French central bank, said that 4.8% in euro zone core inflation, which excludes energy and food prices beyond the central bank\u2019s control, was too broad and too high.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cWe will raise interest rates as much as necessary to bring core inflation down,\u201d Villeroy told Dutch newspaper NRC.<\/p>\n<p>\u201cBy the way, this will have a positive effect on banks\u2019 net income; European banks are hence more solid than feared by some,\u201d he added.<\/p>\n<p>European banks have come under pressure in financial markets in recent days over concerns about the health of Swiss group Credit Suisse.<\/p>\n<p>After the ECB raised its main interest rate by 50 basis points in July and 75 in September, Villeroy said it was important for the ECB\u2019s next moves to remain \u201corderly\u201d. This, he said, meant neither jolting markets nor tightening financial conditions for households and firms too abruptly.<\/p>\n<p>Villeroy said that the ECB should raise interest rates \u201cwithout hesitation, by the end of the year\u201d to the level at which they are neither stimulating nor putting a drag on the economy, which he estimated was somewhere \u201cbelow or close to 2%\u201d.<\/p>\n<p>After that, the ECB would embark on a second leg of its monetary policy normalisation cycle, which he said would be \u201cmore flexible and possibly slower\u201d.<\/p>\n<p>\u201cI don\u2019t say that rate hikes will stop there, but we will have to comprehensively assess the inflation and economic outlook,\u201d he added.<\/p>\n<p> (Reporting by Leigh Thomas; Editing by Chizu Nomiyama)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/ecb-will-raise-rates\/attachment\/file-photo-the-paris-europlace-international-financial-forum-in-paris-3\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI930ND-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI930ND-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS (Reuters) \u2013 The European Central Bank will raise interest rates as much as needed to bring down core inflation although the pace could possibly slow after the end of<\/p>\n","protected":false},"author":66,"featured_media":1889489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1671560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/ecb-will-raise-rates\/?utm_source=rss&utm_medium=rss&utm_campaign=ecb-will-raise-rates","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1671560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1671560"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1671560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889489"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1671560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1671560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1671560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}