{"id":98357,"date":"2024-03-13T02:06:17","date_gmt":"2024-03-12T22:06:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=98357"},"modified":"2024-03-13T10:43:07","modified_gmt":"2024-03-13T06:43:07","slug":"ecbs-villeroy-ecb-can-can-cut-interest-rate-independently-from-fed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecbs-villeroy-ecb-can-can-cut-interest-rate-independently-from-fed\/03\/13\/market-updates\/","title":{"rendered":"ECB&#8217;s Villeroy: ECB can cut interest rate independently from Fed"},"content":{"rendered":"\n<p>Fran\u00e7ois Villeroy de Galhau, the governor of the Bank of France and an ex officio member of the European Central Bank, emphasised on Tuesday that the ECB&#8217;s pragmatism about rate decreases is independent of Federal Reserve policy.<br><br>Villeroy&#8217;s remarks follow the Bank of France&#8217;s revision of its first-quarter growth estimate for France, which was previously predicted to be between 0.1-0.2%.<br><br>Villeroy stated to Le Figaro on Tuesday that the ECB has the authority to set interest rate decreases without regard to the actions of the US central bank.<br><br>The ECB is &#8220;free and pragmatic&#8221; when it comes to the timing and tempo of rate reductions, the central banker emphasized.<br><br>Villeroy also restated the ECB&#8217;s overall consensus to begin reducing interest rates in the spring as inflation approaches the 2% target level.<br><br><strong><span style=\"text-decoration: underline;\">Key Quotes<br><\/span><\/strong><br>ECB rate cuts are independent of the Fed&#8217;s policy.<br><br>The ECB can be free and pragmatic on the pace of rate cuts.<br><br>The ECB is broadly in agreement about delivering rate cuts in the spring.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fran\u00e7ois Villeroy de Galhau, the governor of the Bank of France and an ex officio member of the European Central Bank, emphasised on Tuesday that the ECB&#8217;s pragmatism about rate decreases is independent of Federal Reserve policy.Villeroy&#8217;s remarks follow the Bank of France&#8217;s revision of its first-quarter growth estimate for France, which was previously predicted &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,6885,6987,9923],"class_list":["post-98357","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-fed","tag-inflation","tag-interest-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=98357"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98357\/revisions"}],"predecessor-version":[{"id":98394,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98357\/revisions\/98394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53676"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=98357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=98357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=98357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}