ECB’s Villeroy: It makes sense for interest rates to reach 2% by the summer.

Speaking in a scheduled appearance on Wednesday, European Central Bank (ECB) policymaker Francois Villeroy de Galhau noted: “It makes sense for interest rates to reach 2% by the summer.”

Additional comments

We have practically won the battle against inflation.

It makes sense for interest rates to reach 2% by the summer.

Risks to French growth forecast (0.9% for 2025) are to the downside.

But we do not see a recession happening.