ECB’s Villeroy: Must not speculate on the number of rate hikes

European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau made some comments on the interest rates and economic outlook on Friday.

Key quotes

ECB does not want to provoke a recession.

Should escape a 'hard landing' for the economy.

Too early to talk about the terminal rate.

Must not speculate on the number of rate hikes.

Market reaction

EUR/USD was last seen trading at 1.0640, up 0.15% on the day.