The European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that the central bank should keep its options open for a bigger rate cut next month and its policy rate could eventually fall to a level that once again boots growth, per Reuters.  

Key quotes

Seen from today, there is every reason to cut on December 12. Optionality should remain open on the size of the cut, depending on incoming data, economic projections and our risk assessment. 

Victory against inflation is in sight.

The inflation target may be reached in early 2025.

Our interest rates should clearly go to the neutral rate.

We still have significant room to remove the restrictive stance of our monetary policy.

I wouldn't exclude going below the neutral rate in the future.