Central Banks
ECB Officials See More Cuts, With Villeroy Backing Market View
- Investors expect borrowing costs to be lowered further in 2025
- Bank of France governor speaks a day after ECB cut rates again
Francois Villeroy de Galhau
Photographer: Benjamin Girette/BloombergEuropean Central Bank policymakers said more interest-rate reductions are on the way, with France’s Francois Villeroy de Galhau saying investors’ bets on more than 100 basis points of easing look reasonable.
“There will be more rate cuts next year, more rate cuts plural,” he said on BFM Business television on Friday. While the central bank isn’t pre-committed to a specific rate trajectory, it’s “rather comfortable with financial markets’ forecasts,” he said.