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Villeroy Calls for ECB Rate Cuts as Inflation Target in Sight
The European Central Bank should continue cutting interest rates as euro-area inflation is likely to reach 2% in the first half of 2025, according to Governing Council member Francois Villeroy de Galhau. “We have some good news, inflation has slowed and is going toward our target,” he said in Dijon on Friday. “We will therefore probably be able to continue to lower interest rates.” Speaking hours after data revealed that euro-area inflation accelerated to 2.3% in November, the French central banker said that “in our projections — beyond monthly variations — we are confident that we will reach our target ... (full story)
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- Nov 29, 2024 11:06am Nov 29, 2024 11:06am
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- Posted: Nov 29, 2024 11:00am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,190
