ECB's Villeroy says the ECB is working to bring down inflation to 2% in 2 to 3 years

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ECB's Villeroy says the ECB is working to bring down inflation to 2% in 2 to 3 years

<p>Francois Villeroy de Galhau, Governor of Banque de France, and a Governing Council member at the <a href="https://www.forexlive.com/terms/e/european-central-bank/" target="_blank" id="9685d527-8a71-4566-9f96-f1879bb6b5df_1" class="terms__main-term">European Central Bank</a>.</p><ul><li>ECB is working to bring down <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__secondary-term">inflation</a> to 2% in 2 to 3 years</li><li>the right inflation target is around 2%</li><li>we are a long way from reaching 2% in the euro zone</li><li>            <p> Monetary policy measures take time before having full effect, which is why it will take 2 to 3 years to bring inflation back down to target</p></li><li><p>Inflation expectations are key, but it is positive they still are close to our target</p>  </li></ul><p>Headlines via Reuters. I'm not sure of the venue/event/media he is speaking at/to. </p><p>Governor of the Banque de France Villeroy</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: ECB's Villeroy says the ECB is working to bring down inflation to 2% in 2 to 3 years

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