Finance
ECB’s Villeroy says oil uncertainty won’t stop June rate cut
Villeroy has been a vocal supporter of rates cut but more hawkish colleagues have expressed varying levels of conviction
The European Central Bank won’t be swayed from a first interest-rate cut in June by oil price uncertainty, Francois Villeroy de Galhau, a governing council member, has said.
According to the Bank of France governor, even if conflict in the Middle East did push up oil costs, policymakers would have to first analyse if such a shock fuelled underlying prices and inflation expectations.
That means there’s no “mechanical” reaction, he said in an interview with ...
