ECB’s Villeroy: no rush to cut rates, we should be patient

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Written By Pinang Driod

© Reuters. FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau looks on during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. REUTERS/Denis Balibouse/File Photo

PARIS (Reuters) – Even though the next move of the European Central Bank (ECB) will likely be an interest rate cut, there is no rush to do this and the ECB is prepared to be patient, said ECB member and Bank of France governor Francois Villeroy de Galhau.

“We should be patient,” he told Bloomberg TV on the sidelines of the World Economic Forum in Davos.

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