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.”