Reported about 16 hours ago
Francois Villeroy de Galhau, head of the Bank of France and ECB policymaker, indicated in a recent interview that the European Central Bank might reduce its deposit rate to 2% by this summer. Following a 25 basis points cut to 2.75% in January, Villeroy suggested that further reductions are likely as the ECB prioritizes economic growth concerns over inflation.
Source: YAHOO