Villeroy, an ECB rate cut is likely in April or June. "Now we have more confidence in the capacity to bring inflation back to 2% between now and next year" said Villeroy.
Olli Rehn, Finnish, said that "the rapid rise in wages keeps inflation high in the service sector, which is currently the most important factor" "June is a possible month for a rate cut" ; said the Lithuanian governor Gediminas Simkus. More cautious Martins Kazaks, of the Latvian central bank: "the first cut will be important"