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Bank of France Governor Francois Villeroy de Galhau looks on during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse
Bank of France Governor Francois Villeroy de Galhau looks on during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse
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ECB is 'very likely' to reduce interest rates, Villeroy says

October 9th, 2024 | 05:52 AM MARKETS European Markets 1

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European shares slip as oil prices and bond yields surge on Middle East fears
European shares tick higher as easing Fed hike bets lift gold
European shares on track to snap 4-week rally as US-Iran tensions lift oil
European shares inch up as lower crude offsets geopolitical unease
By Reuters

The European Central Bank (ECB) is "very likely" to reduce its interest rates next week, policymaker Francois Villeroy de Galhau said on Wednesday.

"A cut is very likely and it will not be the last one, the rhythm depending on how the fight against inflation evolves," Villeroy told franceinfo radio station.

Villeroy, who is also the head of the French central bank, has said the ECB would likely cut interest rates later this month due to weak economic growth.

Twice already this year, the ECB has cut rates- initially at record highs - and markets expect more policy easing in October and December as inflation is easing faster than policymakers had predicted.

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  • ECB
  • POLICY/VILLEROY (UPDATE 1)
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