The European Central Bank cannot yet declare victory over inflation but its next move is likely to be an interest rate cut some time this year, French central bank Governor Francois Villeroy de Galhau said in Davos on Tuesday.

ECB to test banks’ response to cyberattack

“Barring major surprises - we look at the Middle East - our next move will be a cut, probably this year. I will not comment on the season,” Villeroy told a World Economic Forum panel.