ECB Officials See Cuts Near End as Villeroy Hails ‘Victory’

The European Central Bank is approaching the end of its interest-rate cuts, according to two Governing Council members, as others declared inflation has been vanquished.

President Christine Lagarde “summarized it nicely yesterday saying that probably we have almost finished the rate-reduction cycle this time around,” Estonia’s Madis Muller said in an interview with Aripaev Radio, speaking the day after the ECB lowered borrowing costs for an eighth time in a year. “Regarding what lies ahead — no one can say anything for certain yet.”