Villeroy suggests cutting rates to address inflation concerns promptly
CNBC — April 18, 2024, 02:00 PM UTC
Summary: ECB policymaker François Villeroy de Galhau suggests cutting interest rates in June to prevent falling behind the inflation curve. He emphasizes the importance of acting timely to avoid economic repercussions. The ECB recently hinted at a rate cut due to cooling inflation. Villeroy's stance is supported by concerns of being too late in addressing inflation. ECB held rates steady but signaled readiness to lower them if needed.
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