The ECB will act quickly if inflation persists longer than expected-Villeroy | Photo credits: ROMUALD MEIGNEUX/SIPA
(RPT putty 1st para)
PARIS, Jan 18 (Reuters) – The European Central Bank (ECB) will adjust its monetary policy more quickly if inflation remains high for longer than expected, ECB Governing Council member Francois Villeroy de Galhau said on Tuesday. institution and Governor of the Banque de France.
French inflation, which reached its highest level for 13 years in December, should gradually decline in the coming months to return to below 2% by the end of 2022, said François Villeroy de Galhau, who was speaking at the an online conference organized by the Dauphine University of Paris.
“If inflation were to prove to be more persistent, have no doubt that we will have the will and the ability to adapt our monetary policy more quickly, to ensure a return to our 2% objective”, underlined François Villeroy by Galhau. (Report Leigh Thomas, French version Nicolas Delame and Laetitia Volga)