Eurozone official: We may take additional steps regarding the interest rate cut cycle.

Wednesday 13 November 2024 12:30pm

European Central Bank member and Governor of the Bank of France François Villeroy de Galhau highlighted the shift in the future monetary policy path of the bank on Wednesday, stating the following:

Inflation is expected to remain at moderate levels in France.
The unemployment rate in France may rise to 8% before falling back to 7% afterwards.
Regarding France's public finances, we really need to address this issue.
The European Central Bank may continue to make further interest rate cuts.

The European Central Bank had decided to lower interest rates at its meeting last October by 25 basis points, in line with market expectations, bringing the main refinancing operations rate to 3.40%.