“This state of the economy fully justifies the halt to the rate hike sequence decided by the (ECB) Governing Council last Thursday,” Villeroy de Galhau said in a statement.
“Our monetary policy must now be guided by confidence and patience: confidence that we are making firm progress towards bringing inflation down to 2% by 2025; patience in stabilising interest rates at their current level for as long as is still necessary”, he said.
Source: Economy - investing.com
