Central Banks
ECB’s Villeroy Expects Inflation to Be at 2% Early Next Year
Shoppers on the Champs-Elysee avenue in Paris.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
Euro-area consumer-price growth probably will be at the European Central Bank’s 2% target in early 2025, according the Governing Council member Francois Villeroy de Galhau.
“We’re on a good way to defeat inflation and this is actually good news,” he told France Inter radio on Saturday. “There may be some temporary rebounds in coming months, but that’s a technical effect. Baring large external shocks, we’ll be a 2% of inflation next year, probably rather toward the beginning of next year.”