6 August
Francois Villeroy de Galhau from ECB sees possibility of additional rate cut by summer
According to the recent statement by European Central Bank’s (ECB) policymaker Francois Villeroy de Galhau, the regulator may additionally cut interest rate by the beginning of summer. He provided this information during an interview for a French newspaper yesterday.
Moreover, in his opinion, the United States will face the effects of new tariffs imposed by President Donald Trump, which will increase the country's inflation rate. However, as the official states, such changes do not pose a threat to Europe. It is the lack of impact of the US trade duties on the European Union that will allow for additional rate cuts during the upcoming ECB meeting.
The next monetary policy meeting of the region's main financial regulator is due to conclude on June 5.
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