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Bloomberg

ECB's Villeroy Says More Rate Cuts Possible in Coming Weeks

European Central Bank Governing Council member Francois Villeroy de Galhau said more reductions in borrowing costs could be on the way, with little sign at present of upward pressure on consumer prices. President Donald Trump's tariffs will drive up inflation in the US but won't have such consequences for Europe, the French official said. 'We don't see inflation restarting in Europe,' he told online channel Backseat on Wednesday.