Villeroy says the European Central Bank is likely to cut interest rates in June

French central bank head, and thus a member of the European Central Bank Governing Council (the policy setters at the Bank), François Villeroy de Galhau spoke with French media, Le Journal du Dimanche in an interview.

• “Bar a surprise, we should decide on the first cut at our next meeting on June 6,”
• he’s more confident about the downward trajectory of inflation

• “Our cut early June will have to be followed by other cuts by year-end”

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The ECB met last week:

• Forexlive Americas FX news wrap: ECB holds rates but hints at coming cuts

This article was written by Eamonn Sheridan at www.forexlive.com.