European Central Bank member: It is not unlikely that interest rates will be reduced at a faster pace in the future.

On Tuesday, ECB member and Governor of the Bank of France, Villeroy, made several statements regarding inflation and the interest rate reduction cycle, the most notable of which are as follows:

• There is a reasonable consensus that we will make the decision for each meeting individually.
• Among major central banks, the European Central Bank has the simplest path "regarding monetary policy".
• Our view on inflation is completely confirmed.
• The European Central Bank does not follow a predetermined path regarding interest rates.
• I remain vigilant but not worried about inflation in the euro area.
• Progress towards victory over inflation is on the right track.
• If we are decisive about the pace of interest rate cuts, then the ECB will not need larger reductions.
• However, it is not out of the question for the ECB to reduce the interest rate at a faster pace in the future.