ECB's Villeroy: Inflation should come back down below 2% within a year

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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