ECB Has Room to Cut Interest Rates Further, Villeroy Says

The European Central Bank has space to reduce borrowing costs further with consumer prices now less of a concern than in the US, according to Governing Council member Francois Villeroy de Galhau.

Villeroy downplayed the inflation risks from American trade tariffs, saying Thursday that while economic growth will be curbed, the effect for prices will be “much less strong.”