Beers & Burgers: Harvey's To Go | SaltWire #harveys #burger #beer #foodbloggerPARIS - The European Central Bank is increasingly confident that it is winning the fight against inflation, which makes an interest rate cut in June very likely, ECB policymaker Francois Villeroy de Galhau said on Saturday.
"The interest rate tool has been an effective weapon against inflation. We had to lift that rate to 4% but it is less than in the United States, where it stands at 5.5%," he added. He said last month that if inflation undershot the ECB's 2% target for a sustained period then the ECB risked having to cut rates even more aggressively.
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