PARIS (Reuters) – The European Central Bank is likely to further ease interest rates next year and is at ease with market projections for future rates, ECB policymaker Francois Villeroy de Galhau said on Friday.
“There will be further rate cuts,” Villeroy told BFM business radio, adding “We are rather at ease with market projections on interest rates”.
The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to more easing as the euro zone economy is dragged down by political instability at home and the threat of a fresh U.S. trade war.
(Reporting by Dominique Vidalon; Editing by Benoit Van Overstraeten)
Comments