ECB’s Villeroy: We are “probably” close to inflation peak

FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau at the Bank of France in Paris, France, October 22, 2021. REUTERS/Sarah Meyssonnier/File Photo

December 17, 2021

PARIS (Reuters) – ECB policymaker and French central bank head Francois Villeroy de Galhau said on Friday that inflation was “probably” close its peak in the Euro zone.

“We are converging towards our goal of 2% inflation in 2023 and 2024,” he said.

The ECB raised its inflation projections across the board on Thursday and now sees it at 3.2% next year, well above target, before a drop to 1.8% in both 2023 and 2024. ünL8N2T110U+

(Reporting by Dominique Vidalon, editing by Tassilo Hummel)

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