ECB's Villeroy: We Should Avoid a Recession This Year

The video discusses the European Central Bank's (ECB) strategy on interest rates and inflation control. It highlights the ECB's approach to reaching a terminal rate by summer and maintaining it to bring inflation back to 2%. The discussion includes a response to a Bloomberg report on potential rate changes and emphasizes a data-driven, pragmatic approach to decision-making. The ECB aims to avoid recession and manage inflation effectively, focusing on the level and duration of interest rates.

What is the speaker's view on the speculation regarding the pace of interest rate hikes?

What does the speaker mean by being 'data-driven' in the context of monetary policy decisions?