Central Banks
ECB’s Villeroy Says Tariffs Favor Cutting Rates Again ‘Soon’
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The European Central Bank should lower interest rates “soon” as US President Donald Trump’s tariffs and the fallout on global markets favor such a move, according to Governing Council member Francois Villeroy de Galhau.
The trade war will have a “non-negligible” direct impact on the economy that will take about 0.25 percentage point off growth this year, the Bank of France chief warned.