ECB’s Villeroy says further rate cuts expected


ECB Governing Council member Francois Villeroy de Galhau. — Bloomberg

Washington: The European Central Bank (ECB) will probably lower interest rates further this year as there are currently no inflation risks, according to Governing Council member Francois Villeroy de Galhau.

The effect of President Donald Trump’s tariffs on eurozone prices is uncertain and could on the whole drag it down, the French official said in Washington.

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