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Villeroy - Must Neither Rush Nor Be Too Obstinate On Rates

ECB

Banque de France Governor Villeroy broadly repeats his commentary from Dec 15/19, noting a data dependency to cuts sometime this year. Bloomberg headlines from the remarks in Paris:

  • Reiterates 2024 should bring first ECB rate cuts but declines to give timing for start
  • ECB rate cuts will be determined by data; ECB must neither rush nor be too obstinate on rates
  • Must remain vigilant on inflation data
  • ECB to cut when 2% goal anchored solidly, durably

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