Villeroy repeats ECB's rates may be at 2% by summer - Breaking The News

Villeroy repeats ECB's rates may be at 2% by summer

22 February

1 min read

EPA-EFE/MICHAEL REYNOLDS

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau repeated on Saturday that the bank's deposit rates could be at 2% "by this coming summer."

In an interview with Alternatives Economiques, Villeroy mentioned, however, that beyond that, it isn't clear in what direction the monetary policy would go.

"We are the first big, Western central bank to have begun a rate-cutting cycle last year. Seen today, we could be at 2% this coming summer," he commented.

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