ECB's Villeroy: Deposit rates could be at 2% by this summer

FXStreetFeb 24, 2025 12:30 AM

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European Central Bank policymaker and Bank of France head, Francois Villeroy de Galhau, said on Saturday that the ECB could cut its deposit rate down to 2% by this summer, per Reuters.

“Seen from where we are today, we could be at 2% by the coming summer,” said Villeroy de Galhau.

Market reaction

At the time of writing, EUR/USD is trading 0.17% higher on the day at 1.0479.

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