Lates News

European Central Bank Governing Council member Francois Villeroy de Galhau said the central bank has space to lower borrowing costs. On Monday, he stated that the trade war sparked by U.S. tariffs will put pressure on the global economy but will not affect Europe's inflation trend. He also said, "There will not be more inflation. This is a strong guarantee - whether this year or next year." "The European Central Bank's goal is to achieve inflation of around 2%. With inflation at 2.2%, we are close to this target and should be able to achieve it. And this also means something important: we still have room to gradually lower interest rates."