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ECB’s Villeroy Flags Economic Risks of Cutting Rates Too Late

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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, according to Governing Council member Francois Villeroy de Galhau.

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ECB More Likely to Cut Rates in June Than April, Villeroy Says(Bloomberg) -- The European Central Bank will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France Governor Francois Villeroy de Galhau said.
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