ECB'S VILLEROY: A JUNE RATE CUT IS MORE LIKELY THAN IN APRIL
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Thursday that there is a strong case at the central bank to begin cutting interest rates in the spring as the battle against inflation is being won.
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Thursday that there is a strong case at the central bank to begin cutting interest rates in the spring as the battle against inflation is being won.
Key quotes
“The risk of waiting too long before loosening monetary policy and unduly hurting the economy is now “at least equal” to acting too soon and letting inflation rebound”
“Since our Governing Council meeting last week, there’s a very broad agreement to cut rates in the spring, bearing in mind that spring lasts until June 21.”
“We’re winning the battle against inflation.”
“At the start of 2024, activity is slower, but it’s resisting.”
“The risk of waiting too long before loosening monetary policy and unduly hurting the economy is now “at least equal” to acting too soon and letting inflation rebound”
“Since our Governing Council meeting last week, there’s a very broad agreement to cut rates in the spring, bearing in mind that spring lasts until June 21.”
“We’re winning the battle against inflation.”
“At the start of 2024, activity is slower, but it’s resisting.”
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