Economics

Euro-Area Inflation Is Close to Peak, ECB’s Villeroy Says

French central banker sees new regime of inflation close to 2%
Monetary policy should normalize ‘in stages,’ Villeroy says

Shoppers browse stalls at the Belleville market in Paris.Photographer: Nathan Laine/Bloomberg

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By William Horobin

January 4, 2022 at 4:00 PM UTC

Updated on

January 5, 2022 at 9:46 AM UTC

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The surge in euro-area inflation that surprised policy makers in recent months is close to its peak, according to European Central Bank Governing Council member Francois Villeroy de Galhau.