ECB Policymaker Validates Market Expectations on Interest Rate Cuts

European Central Bank official Francois Villeroy de Galhau has indicated that market expectations for future interest rate cuts are reasonable. Villeroy expressed his agreement with speculations about possible rate reductions in September and December, stating that expectations reflect the current economic landscape well.

European Central Bank official Francois Villeroy de Galhau has confirmed that he finds market expectations regarding future interest rate cuts to be 'rather reasonable.'

Villeroy validated these forecasts when questioned about potential additional rate reductions in September and December. He noted that current market expectations align well with the economic situation.

Investors and analysts view this as a clear signal of the ECB's likely policy direction in the coming months.

(With inputs from agencies.)