ECB’s Villeroy Says Europe Likely to Dodge Hard Landing
- Bank of France chief wants to meet 2% price goal in late-2024
- Other ECB officials give hawkish remarks on further rate hikes
Francois Villeroy de Galhau
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Francois Villeroy de Galhau said the euro-zone economy is unlikely to experience a deep slump as interest rates are lifted to tackle soaring inflation.
The Bank of France governor told French radio on Tuesday that there’s less uncertainty now over the outlook for his home country and the 19-nation euro area.