ECB Villeroy: rates says should remain at this level for sufficiently long period of time

Francois Villeroy de Galhau, Governor of Banque de France, and a Governing Council member at the European Central Bank

• Says what we see now is slowdown but still with positive growth - cnbc interview
• Positive growth expected for 2024-25
• On interest rates says should remain at this level for a sufficiently long period of time
• I have less fear about the economy than I did a year ago
• Inflation should come back towards 2% target by 2025 while avoiding recession for the economy

Earlier from V:

• ECB Villeroy: risk of doing too much & risk of doing too little now symmetrically balanced

• ECB's Villeroy expects the Bank's interest rates to peak soon, and plateau for a long time