Francois Villeroy de Galhau, Governor of Banque de France, and a Governing Council member at the European Central Bank.
- says concerns over a recession must not stop the ECB from hiking rates
- the level of inflation means the European Central Bank must be determined
- says that a quick recession is preferable to stagflation
- debate about +50bp or +75bp at the October meeting is premature in such volatile markets
- after the neutral rate is hit the European Central Bank can move more slowly
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Meetings ahead through to the end of the year for the ECB:
