Latest news with #FrancoisVilleroydeGalhau
Bloomberg
7 days ago
- Business
- 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.
Business Recorder
16-05-2025
- Business
- Business Recorder
ECB's Villeroy: Volatility reflects trade wars, not currency wars
PARIS: European Central Bank policymaker Francois Villeroy de Galhau said economic and market volatility reflected trade wars rather than currency wars. 'Unfortunately, there is a risk of trade war, but a currency war would be a situation where each country is actively using its interest rates to try and gain an economic advantage. We are not at that point right now,' Villeroy, who also heads the Bank of France, told regional French newspapers in an interview published on Friday. ECB to stand by past stimulus policies in strategy review 'The current currency moves are more of a reflection on revisions to economic forecasts,' added Villeroy, who is also head of the Bank of France.
Reuters
13-05-2025
- Business
- Reuters
ECB's Villeroy sees room for additional rate cut by summer
PARIS, May 13 (Reuters) - There is room for another rate cut by the European Central Bank by the summer, ECB policymaker Francois Villeroy de Galhau said in a French newspaper group interview on Tuesday. Villeroy - who is also head of the Bank of France - said the United States would likely see an uptick in inflation from President Donald Trump's tariffs, but Europe should be spared. "We also don't see inflation picking up. The Trump administration's protectionism will lead to a restart of inflation in the United States, but not in Europe, which will likely allow for another rate cut by the summer," he told the EBRA newspaper group. The next ECB monetary policy meeting is due to conclude on June 5.
Bloomberg
23-04-2025
- Business
- Bloomberg
ECB's Villeroy Sees No Inflation Risk, Says Further Rate Cuts Likely
The European Central Bank will probably lower interest rates further this year as there are currently no inflation risks, according to Governing Council member Francois Villeroy de Galhau. The effect of President Donald Trump's tariffs on euro-zone prices is uncertain and could on the whole drag it down, the French official said in Washington.
Yahoo
23-04-2025
- Business
- Yahoo
U.S. could dip into recession on trade war, French central banker says
(Reuters) -The United States could dip into recession on the fallout from a global trade war but everyone will suffer, including the euro zone, even if to a lesser effect, French central bank chief Francois Villeroy de Galhau said on Wednesday. The U.S. has imposed a raft of tariffs on most nations around the world and while it has suspended some duties, many remain in place and the threat of trade turmoil also weighs on confidence, investment and output. "The new measures announced as well as the increasing unpredictability, constitute a major negative shock to the global economy, but first and foremost to the U.S. economy," Villeroy told the Atlantic Council in Washington. "There could even be a U.S. recession, which was unthinkable three months ago." The impact on the euro zone could be much smaller but the strife could still knock off at least a quarter of a percentage point from 2025 GDP, Villeroy, who is an influential ECB policymaker, said in a speech. While some economists say a trade war is likely to push up inflation, Villeroy played down these worries, saying the net impact could even lower prices. "There is currently no inflationary risk in Europe," he said. "The impact (of a trade war) on inflation remains more uncertain but could be as a whole on the downside." Villeroy said further attacks on the independence and credibility of central banks could add to the disruption experienced in financial markets in recent weeks. U.S. President Donald Trump, who has repeatedly attacked Federal Reserve Chair Jerome Powell in recent weeks, backed off from threats to fire him this week, fuelling a rally in financial markets that had been nervous over a potential loss of the Fed's independence. "Let me ... express again my gratitude to Fed's Chair Powell, who admirably shows how a central banker must behave," Villeroy said.
