ECB's Villeroy: more interest rate cuts to come in 2025

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ECB's Villeroy: more interest rate cuts to come in 2025

//business-finance.news-articles.net/content/202 .. roy-more-interest-rate-cuts-to-come-in-2025.html

Published in Business and Finance on Friday, December 13th 2024 at 5:01 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The European Central Bank is likely to further ease interest rates next year and is at ease with market projections for future rates, ECB policymaker and Bank of France head Francois Villeroy de Galhau said on Friday.

Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, indicated that the ECB plans to implement further interest rate reductions in 2025, following an initial cut in June 2024. He emphasized that these adjustments would be gradual and data-dependent, aiming to manage inflation back to the target of 2% while supporting economic growth. Villeroy highlighted the importance of maintaining a balance to avoid both excessive inflation and economic stagnation, suggesting that the ECB's strategy would involve careful monitoring of economic indicators to guide future monetary policy decisions.

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