PARIS, March 5 (Reuters) – Bank of France Governor and European Central Bank policy maker Francois Villeroy de Galhau said on Thursday that he saw no reason for the ECB to raise its interests rates, despite the on-going conflict in the Middle-East, and that financial stability is currently not at risk.
“I don’t see any reason today why we at the ECB should raise our interest rates. We’ll see meeting after meeting, but today I don’t see any reason,” he said in an interview with French radio station France Inter.
He added that the conflict may have upward effect on inflation and downward effect on growth, but that the proportion will depend on the duration of the situation.
(Reporting by Inti Landauro, Editing by Charlotte Van Campenhout)
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