The European Central Bank (ECB) is considering its first rate cut in June, with the majority of economists supporting this move. ECB's Villeroy sees the 2% inflation target within reach and emphasizes the need to take precautions against economic risks by starting rate cuts. Villeroy mentions that the exact timing of the rate cut is not crucial. He suggests a moderate initial cut, independent of the US Federal Reserve's schedule, to address downside growth and balanced inflation risks. Governing Council member Francois Villeroy de Galhau advocates for rate cuts at one of the next two ECB meetings to mitigate economic risks of prolonged high interest rates.
ECB likely to start with 'moderate' rate cut this spring, Villeroy says https://t.co/phZXNSOUYJ https://t.co/AuZK3vHaAM
ECB’s Villeroy flags economic risk of cutting rates too late https://t.co/mQceW3J2P4 via @WHorobin https://t.co/Skdlu64cdW
The European Central Bank can’t ignore the economic risks of keeping interest rates high for too long and should begin cutting at one of its next two meetings, says Governing Council member Francois Villeroy de Galhau. https://t.co/jyyxj8C0wT
ECB’s Villeroy: Need To Take Out Insurance Against A Hard Landing By Starting Rate Cuts - Whether In April Or June, Exact Date Of First Rate Cut Is Not Of ‘Existential Importance’ - First Cut Should Come In Spring, Be Independent Of Fed's Timeframe
🔴 ECB'S VILLEROY: WE WILL LIKELY START WITH A MODERATE CUT, AFTER THAT WE DON'T HAVE TO CUT AT EACH MEETING THOUGH WE SHOULD KEEP THAT OPTION.
ECB'S VILLEROY: WE WILL LIKELY START WITH A "MODERATE" CUT, AFTER THAT WE DON'T HAVE TO CUT AT EACH MEETING THOUGH WE SHOULD KEEP THAT OPTION
🔴 ECB'S VILLEROY: THE FIRST RATE CUT SHOULD COME IN SPRING AND COME INDEPENDENTLY OF THE US FEDERAL RESERVE'S TIMEFRAME.
🔴 ECB'S VILLEROY: WHETHER IN APRIL OR JUNE, THE EXACT DATE OF OUR FIRST RATE CUT IS NOT OF EXISTENTIAL IMPORTANCE.
ECB'S VILLEROY: WHETHER IN APRIL OR JUNE, THE EXACT DATE OF OUR FIRST RATE CUT IS NOT OF "EXISTENTIAL IMPORTANCE"
ECB'S VILLEROY: FIRST RATE CUT SHOULD COME IN SPRING AND COME INDEPENDENTLY OF THE U.S. FEDERAL RESERVE'S TIMEFRAME
ECB'S VILLEROY: WE NEED TO TAKE OUT INSURANCE AGAINST A HARD LANDING BY STARTING TO CUT RATES
🔴 ECB'S VILLEROY: WE NEED TO TAKE OUT INSURANCE AGAINST A HARD LANDING BY STARTING TO CUT RATES.
🔴 ECB'S VILLEROY: I SEE DOWNSIDE GROWTH RISKS AND BALANCED INFLATION RISKS.
🔴 ECB'S VILLEROY: THE ECB’S 2% INFLATION TARGET I NOW WITHIN SIGHT.
🔴 ECB TO MAKE FIRST RATE CUT IN JUNE, 68 OF 77 ECONOMISTS SAID; 9 SAID IN H2 2024 - POLL.