ECB will start cutting rates with 'victory' over inflation in sight

Meanwhile, ECB Governing Council member Pierre Wunsch said the ECB will have to gamble soon with an interest rate cut even though wage inflation and price rises for services are uncomfortably high

Bank of France governor Francois Villeroy de Galhau re-iterated that the inflation rate in France should fall to 2% next year.

The European Central Bank will probably start cutting rates during the spring, between April and June 21, as the "victory" against inflation is in sight, French central bank head and ECB policymaker Francois Villeroy de Galhau has said. 

"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.