 Francois Villeroy de Galhau, Governor of Banque de France, and a Governing Council member at the European Central Bank with comments reported by newswires overnight. It would be desirable to reach the right terminal rate by next summer, but it is too early to say at what levelWe need to be pragmatic and guided by observed data, including underlying inflation, without fetishism for increases that are too mechanicalI posted earlier this week in summary on... 