Central Banks

European Central Bank’s Villeroy says the Bank can cut rates independent of the Fed

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Bank of France Governor and ECB Governing Council member Francois Villeroy de Galhau speaking as the BdF publish forecasts ahead:

  • sees full-year 2024 growth of 0.8% (previously at 0.9%)
  • sees 2024 HIPC inflation of 2.5%, 1.7% in 2025 and 2026

Villeroy:

  • There’s broad agreement at the European Central Bank to begin lowering interest in the spring as the battle against inflation is being won
  • ECB can cut rates independent of the Fed
  • ECB can be pragmatic on rate policy

This article was written by Eamonn Sheridan at www.forexlive.com. Source