ECB’s Villeroy says he does not expect a rate hike at next week's ECB meeting, says energy costs are a minor part of consumer spending, says banks should stay calm amid the Iran crisis

ECB’s Villeroy says he does not expect a rate hike at next week's ECB meeting, says energy costs are a minor part of consumer spending, says banks should stay calm amid the Iran crisis.

Villeroy's remarks suggest a dovish stance from the ECB ahead of the upcoming meeting, indicating that the central bank may hold rates steady despite market expectations for hikes. His comments on energy costs highlight a more nuanced view of inflation pressures, which could influence future policy decisions. Overall, this reflects a cautious approach at the ECB amidst geopolitical tensions that may affect financial stability, particularly in the banking sector.