The governor of the Bank of France, François Villeroy de Galhau, calls for a first cut in interest rates from the European Central Bank in the spring, and this “regardless of the calendar of the American Federal Reserve.”
François Villeroy de Galhau, member of the Governing Council of the European Central Bank (ECB), recommended on Thursday, March 28, a reduction in ECB rates starting in April or June to “take out insurance” against the risk of a hard landing of the euro zone economy.
“Is the exact date of this first reduction – April or early June – of existential importance? I reiterate here my conviction that it should take place in the spring, and this regardless of the calendar of the US Federal Reserve,” declared the governor. of the Banque de France during a speech at the Paris-Dauphine University.
Money markets are now betting mainly on a Fed rate cut in July, due to the latest high inflation figures in the United States.
Source: BFM TV
