The European Central Bank's inflation objective is symmetrical, flexible and can be targeted over the mid-term, ECB policymaker Francois Villeroy de Galhau said on Tuesday.
FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled"Bretton Woods: 75 years later" in Paris, France, July 16, 2019. REUTERS/Philippe Wojazer
PARIS - The European Central Bank’s inflation objective is symmetrical, flexible and can be targeted over the mid-term, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB strives to steer euro zone inflation to its objective of close to but less than 2% but has fallen short of the target for years despite unprecedented monetary stimulus.
Speaking to CNBC, Villeroy also said that the ECB was determined to deliver on its mandate regardless of a recent ruling by Germany’s constitutional court giving the ECB three months to justify some of its bond purchases.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Some euro zone central banks need to do more, others less: ECB's VilleroySome euro zone central banks must be prepared to buy more bonds and others fewer to ensure the smooth transmission of the European Central Bank's monetary policy, ECB policymaker Francois Villeroy de Galhau said on Monday.
Lire la suite »
ECB's coronavirus stimulus must remain flexible, Banque de France governor saysThe European Central Bank should not need to take into account the size of a country's economy when buying governments bonds, François Villeroy de Galhau told CNBC.
Lire la suite »
Bank of Canada head: inflation could return to target more slowlyThe Bank of Canada's policy framework is flexible enough to allow the inflation rate to climb back up to the bank's 2% target more slowly than on average, Governor Stephen Poloz said on Monday.
Lire la suite »
Joe Biden Appears In Public For 1st Time In Two Months–Wearing A Face MaskThis is the first time the former vice president has appeared in public since mid-March.
Lire la suite »
3 Traits That Differentiate Highly Likable Leaders From The Rest3 traits that differentiate highly likable leaders from the rest
Lire la suite »
Lufthansa to resume flights to 20 destinations from mid-JuneLufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.
Lire la suite »