By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Thursday that he saw no current grounds for an interest rate hike.

In an interview with French radio France Inter, Villeroy, who heads the Banque de France, said that he did not see “any reason today why we at the ECB should raise interest rates,” adding that the central bank would have to address that “meeting after meeting.”

He said that the conflict in the Middle East could be inflationary but could also have a downward impact on growth, noting that this would depend on the duration of the tensions.

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