European Central Bank Member, François Fleroy, Announces New Economic Projections and Policy Changes

Member of the European Central Bank, Villeroy

The statements of European Central Bank member, François Fleroy, addressed: Today, Tuesday, these points:

• The ECB will no longer raise interest rates.
• Inflation within the Eurozone will continue to slow.
• Economic growth is expected to rise again in 2025 and 2026 due to taming inflation.
• The European Central Bank will be able to lower interest rates.
• Inflation is likely to reach the ECB’s target of 2% by the end of 2025.
• Starting now, wages will rise faster than prices.
• Interest rates may be cut later in 2024.
• Unemployment rates within France are likely to rise to between 7.5% and 8%.
• The French growth rate was revised slightly downward, but there was no recession as expected a year ago.

It is worth noting that European Central Bank member Peter Casimir said yesterday, Monday, that the decline in inflation in the past few months is not enough for the bank to declare victory over its battle with inflation and move to the next policy.

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2023-12-19 07:28:07
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