ECB member Villeroy indicates likely interest rate cut due to weak growth and low inflation.

François Villeroy de Galhau, a member of the European Central Bank (ECB), indicated that the ECB is likely to cut interest rates at its upcoming meeting due to weak economic growth and inflation falling below the 2% target. He emphasized the need for flexibility in monetary policy, suggesting further cuts could occur if conditions remain stagnant. Investors anticipate a 90% chance of a reduction in October, with additional cuts expected next year as the ECB aims for a neutral rate by 2025.

October 06, 2024
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