Bank of France head and ECB policymaker Francois Villeroy de Galhau: Seen from where we are today, we could be at 2% by the coming summer.
PARIS (Feb 22): The European Central Bank could cut its deposit rate down to 2% by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an interview published on Saturday.
"Seen from where we are today, we could be at 2% by the coming summer," he told the magazine Alternatives Economiques.
Villeroy also reaffirmed that sector consolidation among European banks could make them more competitive on a global level.
On Jan 30, the European Central Bank cut its deposit rate by 25 basis points to 2.75%, and policymakers guided for a further reduction in March as concerns over lacklustre economic growth supersede worries about persistent inflation.
Uploaded by Chng Shear Lane
- Gas pipeline blaze: Petronas Gas, Gas Malaysia’s shares open marginally lower after trading halt
- Gas pipeline blaze: MIDF flags potential RM18m impact to Petronas Gas
- Police to look into allegations that digging caused gas pipeline fire
- Digital banks in Malaysia urged to re-examine strategies to better serve B40 segment
- T7 Global plunges to two-year low as executive deputy chairman departs
- Al-Aqar REIT faces earnings risks with lease renewal of key properties, acquisition — analysts
- Putra Heights blaze: Housing Ministry studying best way to help displaced victims
- Walmart keeps price pressure on suppliers after Beijing pushback — Bloomberg
- Alibaba prepares for flagship AI model release as soon as April, Bloomberg News reports
- US dollar outlook more subdued, but tariffs souring sentiment