ECB's Villeroy: We can cut rates independently of Fed - Breaking The News

ECB's Villeroy: We can cut rates independently of Fed

12 March

1 min read

EPA-EFE/LAURENT GILLIERON

European Central Bank (ECB) Governing Council member and Bank of France Governor Francois Villeroy de Galhau told Le Figaro on Tuesday that the ECB can decide on interest rate cuts independently of United States Federal Reserve (Fed) policy.

The central banker stressed that the ECB can be "free and pragmatic" on the timing and pace of rate cuts.

Furthermore, Villeroy reiterated that there is a general agreement at the ECB to start lowering interest rates in the spring as inflation is approaching the target level of 2%.

interest rate ecb villeroy

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