Central Banks
ECB ‘Very Confident’ of Reaching 2% Inflation, Villeroy Says
- Pace of rate cuts to be data-driven, Bank of France chief says
- ECB will pay close attention to risk of undershooting target
This article is for subscribers only.
The European Central Bank is “very confident” it will sustainably reach its 2% inflation target and should even get there earlier than expected in its September forecasts, Francois Villeroy de Galhau said.
The Bank of France governor said policymakers aren’t “behind the curve” and, guided by data, will ensure inflation doesn’t fall too far in the future. Price gains were at 2% in October but are expected to accelerate again before settling at the ECB’s goal.