Central Banks
ECB More Likely to Cut in June Than April, Villeroy Says
- Bank of France chief says victory on inflation is within sight
- Other Governing Council members also say easing is near
Francois Villeroy de Galhau
Photographer: Anna Rose Layden/BloombergThis article is for subscribers only.
The European Central Bank will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France Governor Francois Villeroy de Galhau said.
“We will probably cut rates in spring, and spring in Europe is from April to June 21,” Villeroy said on France Info radio. “It’s perhaps more probable in June — we are very pragmatic and will see depending on the data.”