ECB's Villeroy: Spring rate cut 'very likely' - Breaking The News

ECB's Villeroy: Spring rate cut 'very likely'

8 March

1 min read

EPA-EFE/YOAN VALAT

European Central Bank (ECB) Governing Council member and Bank of France Governor Francois Villeroy de Galhau told BFM on Friday that an interest rate cut in spring is "very likely."

He noted that although there is a "large consensus" that rate cuts are coming, there is still a "minor issue" regarding the exact timing. "Spring can mean being from April to June," he detailed.

Yesterday, the ECB announced it had decided to leave its key interest rates unchanged, with ECB President Christine Lagarde not specifying when the potential monetary policy loosening might commence.

ecb villeroy

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