“The consequences we, at the European Central Bank, should draw is probably to cut rates in the spring and I remind you that in France and Europe this is a season that lasts from April to June 21,” he told France Info TV.
He also reiterated that the inflation rate in France should fall to 2% next year. The Bank of France had trimmed its French economic growth forecasts for 2024 on Tuesday, forecasting growth of 0.8% for this year, down from an estimate of 0.9% growth in December.
ECB chief Christine Lagarde earlier this month hinted strongly that a long-awaited rate cut would be more likely to happen at the central bank’s meeting in early June, rather than in April.
