Free Trial

MNI BRIEF: ECB’s Villeroy Sees Broad Agreement On Spring Cut

Bank of France Governor Francois Villeroy said Tuesday there is very “broad agreement” in the ECB Governing Council for a rate cut in the spring, pointing out the season lasts until June 21.

Villeroy told newspaper Le Figaro the pace of rate cuts is now the “most important question” for the ECB.

“This will indeed now be the most important question. How fast will we drop and to what 'landing zone'?" he said. “We will have to remain open and pragmatic about the pace, without tying our hands with the past excesses of forward guidance.” (See MNI INTERVIEW: June Cut Not Done Deal-ECB's Holzmann)

MNI Brussels Bureau | david.thomas.ext@marketnews.com
MNI Brussels Bureau | david.thomas.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.