ECB's Villeroy: Inflation should come back down below 2% within a year
|The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said that he believes inflation will come back down below 2% within a year.
In the last hour, the central bank policymaker Yannis Stournaras also said that “inflation will fall below 2% in the medium-term.”
Separately, another ECB policymaker Frank Elderson noted that they are “very closely monitoring energy prices for possible impact on inflation, still consider it as largely temporary.”
Market reaction
EUR/USD is trading at 1.1562, up 0.05% on the day, stuck in a tight range at the time of writing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.