Villeroy: ECB should gradually reduce interest rates.

◻️ECB Governing Council member and French Central Bank President François Villeroy de Galhau said the European Central Bank should continue to reduce interest rates gradually and according to incoming data, describing the latest rate cut as an “obvious” move.

◼️Speaking at the Eurofi finance forum, the French central bank president said: “We must continue to gradually and appropriately reduce the degree of restriction of our monetary policy. But this pace must be extremely pragmatic: we are not committing to any interest rate path in advance and we are keeping all our optionality for our next meetings.”

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