Reported about 1 year ago
Bank of France Governor Francois Villeroy de Galhau advised the European Central Bank to proceed with caution and avoid rushing into future interest-rate cuts following a recent reduction, emphasizing the need for 'pragmatic gradualism' in timing. Villeroy highlighted the importance of monitoring inflation forecasts amid uncertainty about the ECB's next steps, expressing the view that progress on inflation is positive but doesn't dictate a fixed rate path. He also discussed the differences between the ECB's and the Fed's monetary policies, advocating for a soft landing on achieving 2% inflation in the euro area.
Source: YAHOO