The governor of the Bank of France, François Villeroy de Galhau, said on Friday it was
“very likely”
that the ECB would make its first interest rate cuts
“in the spring”
, the day after the decision of the European Central Bank to maintain its rate at a record level.
“It seems very likely to me that there will be a first rate cut in the spring
,” indicated François Villeroy de Galhau at our colleagues at BFM Business, specifying however
“that in Europe as elsewhere, spring is a season that will from April until June 21.”
More information to come…