PARIS - 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.
"Barring surprises, we should decide a first rate cut during our June meeting. We are indeed growing more and more confident in the disinflation path," Villeroy told the French JDD magazine. Villeroy, who is also governor of the French central bank, is among a growing number of ECB policymakers that have supported rate reductions.
He told JDD:"The June rate cut should be followed by more rate cuts by the end of the year; I call for a pragmatic and yet adequately nimble gradualism, based on economic data."
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