Central Banks
ECB Will Probably Cut Rates This Year, Villeroy Says
- Bank of France governor sees 2024 French growth close to 0.9%
- Policymaker says good progress being made against inflation
Francois Villeroy de Galhau
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The European Central Bank will likely lower interest rates in 2024 as the pace of price increases eases toward 2% by next year, Bank of France Governor Francois Villeroy de Galhau said.
“We will probably cut rates this year because we are making progress against inflation,” the policymaker said Friday on LCI television. “We are exiting the emergency of fighting inflation and are on the right path to overcome the sickness.”