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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’
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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.”