ECB'S VILLEROY SAYS IF WE WAITED TO REACH OUR 2% INFLATION TARGET TO CUT INTEREST RATES, WE WOULD ACT TOO LATE AND RUN THE RISK OF UNDERSHOOTING

ECB'S VILLEROY SAYS IF WE WAITED TO REACH OUR 2% INFLATION TARGET TO CUT INTEREST RATES, WE WOULD ACT TOO LATE AND RUN THE RISK OF UNDERSHOOTING