"Barring a major surprise, we should cut rates. We are increasingly confident about the disinflation path in the euro area," Villeroy told CNBC
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The European Central Bank (ECB) is likely to cut rates at its next meeting in June, reiterated Bank of France governor Francois Villeroy de Galhau on Thursday.
"Barring a major surprise, we should cut rates. We are increasingly confident about the disinflation path in the euro area," Villeroy told CNBC.
He added that after this expected rate cut in June, the ECB would monitor inflation data regarding future monetary policy.
(Reporting by Inti Landauro; Editing by Sudip Kar-GUpta)
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