ECB’s Villeroy Urges Caution and Readiness on Rate Hikes

The European Central Bank must be both cautious and ready to act on interest rates should inflation spread beyond a surge in oil prices, outgoing Governing Council member Francois Villeroy...

By William Horobin · Bloomberg Markets

The European Central Bank must be both cautious and ready to act on interest rates should inflation spread beyond a surge in oil prices, outgoing Governing Council member Francois Villeroy de Galhau said.