ECB Keeps Rates; Oil Prices No Hike

ECB member Francois Villeroy de Galhau says rising oil prices have not yet triggered second‑round inflation to justify a rate hike.
ECB kept borrowing costs unchanged last week, but signaled a possible increase at the June 10‑11 meeting if inflation spreads.
Bundesbank President Joachim Nagel and Slovakia’s Peter Kazimir argue a hike is inevitable without clear inflation and growth improvement.
Villeroy, retiring end‑May, wrote to President Emmanuel Macron urging ECB caution yet readiness to act, stressing energy price spill‑over must be contained.