ECB policymaker Villeroy urges against speculating on timing of potential rate hike
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ECB's François Villeroy cautioned against speculation on the timing of interest rate hikes, emphasizing a data-driven approach. He stated that the ECB requires a "critical mass of data" before considering any tightening, which will depend on inflation trends. While an upward move is likely, focusing on specific months is premature. Villeroy, known for his dovish stance, noted there is no predetermined calendar for rate changes and highlighted the importance of monitoring inflation persistence. His comments may carry less weight as he is set to retire in early June.
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