Central Banks
ECB May Consider Rate Cuts in 2024, Not Now, Villeroy Says
- Officials should be ‘patient’ on duration of tight settings
- French central bank chief comments in La Depeche du Midi
The European Central Bank headquarters in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank has finished raising interest rates unless there are major surprises and may look at cuts at some point in 2024, Governing Council member Francois Villeroy de Galhau said.
“Our decisions to increase interest rates are fully playing their role as a remedy against the disease that is inflation,” Villeroy said in an interview with French newspaper La Depeche du Midi. “This is why, barring any shock, there will be no further increase in our rates — the question of a reduction may arise in 2024, but not now.”