Central Banks
ECB Is Very Likely to Start Rate Cuts in June, Villeroy Says
- Bank of France governor speaks in interview on RTL radio
- Lower borrowing costs will support the economy, he says
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The European Central Bank is very likely to start cutting interest rates at its next policy meeting in June, Bank of France Governor Francois Villeroy de Galhau said.
Barring surprise shocks, the ECB remains committed to bringing inflation to its 2% goal by next year from 2.4% currently, he said in an interview on RTL radio on Wednesday.