ECB’s Villeroy: We Are ‘Collectively Rather Comfortable’ With Market Expectations

13 December 2024

ECB’s Villeroy: We Are ‘Collectively Rather Comfortable’ With Market Expectations
François Villeroy de Galhau, governor of the Banque de France, at the European Central Bank Forum on Central Banking in Sintra, Portugal, on June 27, 2023. Photo by Sergio García/ ECB under CC BY-NC-ND 2.0.

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy said on Friday that the Governing Council considered market expectations of more rate cuts as appropriate.

In an interview with French radio BFM Business, Villeroy, who heads the Banque de France, said, ‘I note that we are collectively rather comfortable with the financial markets’ interest rate forecasts for next year.’

However, while there would be more rate cuts, the ECB was not precommitted to a particular path on interest rates, he said.

‘There is no commitment in advance to a trajectory in rates’, he said.

 

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