ECB should cut rates in next meeting, French governor says

Villeroy de Galhau says last leg of disinflation in eurozone should not be too difficult

François Villeroy de Galhau

François Villeroy de Galhau, governor of the Banque de France, has said the European Central Bank (ECB) should cut interest rates at its next meeting on June 6.

Speaking at the Economic Club of New York on April 16, Villeroy de Galhau said barring major shocks, the ECB should go ahead with a rate cut as inflation has been seen to be falling.

Once the central bank decides on its first rate cut, Villeroy de Galhau said there will likely be further cuts through the rest of the year and the next, but

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