ECB Officials Diverge on Rates as Villeroy Says Cut Possible

European Central Bank officials offered diverging views on the next step for interest rates, highlighting the potential for disagreement over euro-zone monetary policy.

While Bank of France Governor Francois Villeroy de Galhau insisted that another reduction in borrowing costs can’t be ruled out, Martins Kazaks of Latvia and Gediminas Simkus of Lithuania pushed to keep options open and their Cypriot colleague, Christodoulos Patsalides, told Bloomberg that there’s currently no need for more easing.