Washington (AFP) - Bank of France Governor François Villeroi de Gallau called on central banks on Tuesday to coordinate their monetary policies because their actions affect other economies.

"There has to be a common predictability of policymaking. We will come to the closest solution to cooperation if we avoid big surprises among policymakers," de Gallo said in a speech at Columbia University in New York.

The French official recalled the statements of his US counterpart, Jerome Powell, Chairman of the Federal Reserve, who said in 2019 that "the pursuit of our national tasks in this new world requires that we understand the expected effects of this interdependence and incorporate them into our political decision-making."

Villeroi de Gallo also indicated that the European Central Bank should report "before the end of this year" the so-called "neutral" interest rates, that is, those that do not stimulate the economy and do not cause it to slow down, estimated at 2 percent.

"We will not stop raising rates here, but we will enter another part of the journey: a more flexible and perhaps slower part, which depends on a careful economic assessment in each meeting separately," he said.

The ECB's Governing Council decided at its meeting in September that the current economic slowdown would not lead to low inflation enough, which led to a historic 0.75 point hike for the three main rates in order to cool the economy in the hope of slowing the rise in prices.

Inflation in the eurozone was 10 percent over the year in September.