Central Banks
ECB’s Villeroy Says September Rate Cut Is ‘Fair and Wise’
- Bank of France Governor comments in interview in Le Point
- Data Friday showed inflation slumped to 3-year low in August
Francois Villeroy de Galhau
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Francois Villeroy de Galhau backed a cut in interest rates next month after data showed a marked slowdown in inflation in August.
The ECB should anticipate future progress in containing price increases, according to the Bank of France governor. He expects inflation to be sustainably at the 2% target by the first half of 2025 in France and the second half in the 20-nation euro area.