ECB's Villeroy: ECB to do what is necessary to bring inflation around 2%

FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau delivers a speech during the annual meeting of Small and Medium-sized Enterprises leaders at the Bank of France in Paris, France, October 22, 2021. REUTERS/Sarah Meyssonnier

PARIS (Reuters) -The European Central Bank will do whatever is necessary to bring inflation down to around 2%, ECB member and Bank of France governor Francois Villeroy de Galhau said on Monday.

“If needed, the European Central Bank, the Bank of France will do what is necessary to bring inflation to around 2%,”Villeroy told Europe 1 radio.

“Monetary policy must neither be a brake to growth nor an accelerator to inflation. So we must assess the good pace for normalising monetary policy,” he added.

Source: Read Full Article