ECB’s Villeroy: We are close to the peak of interest rates

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Tuesday, “we are close to the peak of interest rates.”

Additional quotes

Livret a savings account rate must strike right balance.

We are starting having good news on inflation.

Inflation will continue to decline and will be back at 2% by 2025.

Inflation should be at 2.5% on average next year.

Once we reach this peak, we will need to stay at this level for a while.

Sees 2023 French growth at 0.7%.

France does not have the means for a new lowering of taxes.

If France was able to stabilize its expenses, the country's debt/GDP ratio could be brought under 100% in 10 years.