ECB’s Villeroy reaffirms deposit rates could be at 2 per cent by this summer

The European Central Bank could cut its deposit rate down to 2 per cent by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an interview published over the weekend.

“Seen from where we are today, we could be at 2 per cent by the coming summer,” he told the magazine Alternatives Economiques.

Villeroy also reaffirmed that sector consolidation among European banks could make