Investor bets on how much lower the European Central Bank’s interest rates will have to fall are relatively consistent with policymakers’ own assessments, according to Governing Council member Pierre Wunsch.

The European Central Bank is likely to further ease interest rates next year and is at ease with market projections for future rates, ECB policymaker and Bank of France head Francois Villeroy de Galhau said on Friday.

Christine Lagarde’s comments at the press conference suggest the European Central Bank is on its way towards neutral interest rates, but there is no clear consensus over the right pace just yet The ECB cut interest rates by 25bp,