-
ECB Could Cut Rates at Any Time This Year, Villeroy Says
The European Central Bank could cut interest rates at any moment this year and all options are open at upcoming meetings, Governing Council member Francois Villeroy de Galhau said. The ECB is on the right path to defeating inflation as the increase in the deposit rate to a record 4% has already played a very significant role in moderating underlying inflation, the French central banker said. “We will cut our rates this year,” Villeroy said in an interview with French Sunday paper La Tribune Dimanche. “Regarding the exact date, not one is excluded, and everything will be open at our next meetings.” The ... (full story)