Central Banks
ECB Could Cut Rates at Any Time This Year, Villeroy Says
- Bank of France governor comments in La Tribune Dimanche
- Everything open at coming ECB meetings, Villeroy says
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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.