ECBs Villeroy says or inflation declined is rapid but it remains to high

ECBs Villeroy is on the wires saying:

  • Core inflation decline is rapid, but it still remains to high.
  • 2% inflation target now within sight

The best guess estimate is that the ECB will look to cut rate at their June meeting.

Villeroy adds:

  • we need to take out insurance against a hard landing by starting to cut rates

This article was written by Greg Michalowski at Source