Skip to content

ECB Officials Warn of Inflation Shift as Upside Risks Mount

  • Weidmann urges not to ignore threat of faster price gains
  • France’s Villeroy says euro may be in ‘new inflation regime’
Updated on

Officials from across the euro area called for vigilance on inflation, warning there are upside risks to the European Central Bank’s medium-term outlook that already foresees price growth approaching its 2% target.

Bank of France Governor Francois Villeroy de Galhau said Friday that the difference between the new projections for 1.8% inflation in 2023 and 2024 and the ECB’s goal is within the “margin of uncertainty.”