Central Banks
Villeroy Says Premature to Know When in 2024 ECB Will Cut Rates
- Bank of France governor speaks before French Senate committee
- ECB’s Lagarde said cut in summer is likely, depending on data
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European Central Bank policymaker Francois Villeroy de Galhau said it’s premature to say when in 2024 the institution will start to cut rates as the decision will be guided by data.
“Barring surprises, this year will be the year of cutting interest rates, and therefore there is the question of when,” Villeroy told the French Senate Finance Committee on Wednesday. “This question is premature because we’re not guided by a calendar but by data.”