Stock Groups

ECB to do what is necessary to bring inflation around 2% -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: Francois Villeroy De Galhau, Governor of Bank of France, delivers a speech at the Bank of France’s annual meeting of Small and Medium-sized Enterprises Leaders in Paris on October 22nd, 2021. REUTERS/Sarah Meyssonnier

PARIS, (Reuters) – Francois Villeroy de Galhau (ECB member, Bank of France governor), said that Monday’s European Central Bank meeting would focus on bringing inflation below 2%.

France 1 Radio’s Villeroy stated that “If necessary, the European Central Bank and the Bank of France would do whatever is necessary to bring the inflation down to about 2%.”

“Monetary Policy must not act as a brake or accelerator for growth. He said that we should assess what pace is best for normalizing monetary policy.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.

[ad_2]