ECB’s Villeroy: Victory against inflation is in sight

• Victory against inflation is in sight.
• The inflation target may be reached in early 2025.
• Our interest rates should clearly go to the neutral rate.
• We still have significant room to remove the restrictive stance of our monetary policy.
• I wouldn’t exclude going below the neutral rate in the future.
• There is every reason to cut on December 12th, optionality should remain open on the size.
• For the following meetings, we shouldn’t exclude any of them for possible cuts.

This article was written by Giuseppe Dellamotta at www.forexlive.com.