Central Banks
ECB’s Villeroy Says It’s Plausible to Cut at Each Meeting
- Deposit rate could be lowered to 2% by the summer from 3% now
- Bank of France governor speaks to Bloomberg TV in Davos
This article is for subscribers only.
It’s possible that the European Central Bank will lower interest rates at each of its upcoming meetings, according to Governing Council member Francois Villeroy de Galhau.
Officials’ task of bringing inflation back to 2% is on track, despite President Donald Trump’s threats of trade tariffs, the Bank of France chief told Bloomberg Television in Davos. That may allow the deposit rate to be lowered to 2% by summer from 3% now, he said.