Europe
ECB's Demarco signals rate hikes likely as oil shock persists
Bank of Malta governor breaks with dovish colleagues to warn that even a ceasefire may not lower energy prices enough to avoid tightening at June meeting.
Person
François Villeroy de Galhau
Governor of the Bank of France, Banque de France
What we have reported
- Argued for patience alongside other doves, emphasising the need for more evidence before tightening.
- Announced early retirement to head a charity, vacating a six-year term in national banking supervision and European monetary policy.
- Warned last week that the ECB is closely monitoring euro appreciation and its possible implications for lower inflation.
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