European Central Bank Governor Villeroy: There is still room for gradually lowering interest rates.

European Central Bank board member Francois Villeroy de Galhau stated that the central bank has room to lower borrowing costs. On Monday, he said that the trade war sparked by U.S. tariffs will put pressure on the global economy, but will not affect inflation trends in Europe. He also said, "There will be no more inflation. This is a powerful guarantee - whether this year or next year." "The ECB's goal is to achieve inflation of around 2%. The inflation rate of 2.2% is close to this goal and should be achievable. And this also means an important point: we still have room to gradually lower interest rates."