European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Friday that there are "good reasons" for the central bank to consider cutting its key interest rates in September, per Bloomberg. 

Key quotes

Our meeting on Sept. 12 should in my view take action.

It would be fair and wise to decide on a new rate cut.

I’m calling for active and pragmatic gradualism, which means being guided both by data — observed inflation — but also expectations and forecasts.

The market expects interest rates in the euro area next year between 2% and 2.5%.