ECB’s Villeroy Sees ‘Good News’ in Signs of US Inflation Peaking

Signs of inflation peaking in the US are a relief for policymakers around the world who have been raising interest rates at a record pace to combat price pressures, European Central Bank Governing Council member Francois Villeroy de Galhau said.

Data last week pointed to a cooling in US consumer prices, with inflation rising less than expected in October. Villeroy said this was a positive sign in the global battle against higher prices because the US has been ahead of the inflation cycle.