Member of the board of Directors of the European Central Bank and president of the Bank of France Francois Villeroy de Galhau, in his speech at the World Economic Forum in Davos today, made several statements, the most prominent of which were:-
- It's too early to declare victory over inflation.
-The next step will be an interest rate cut sometime this year, but the timing of this step is still uncertain yet.
The markets are still pricing in an interest rate cut next April , with a probability of about 24%
