PARIS, Jan 24 — The European Central Bank will do whatever is necessary to bring inflation down to around 2 per cent, ECB member and Bank of France governor Francois Villeroy de Galhau said today.
“If needed, the European Central Bank, the Bank of France will do what is necessary to bring inflation to around 2 per cent,” Villeroy told Europe 1 radio. “Monetary policy must neither be a brake to growth nor an accelerator to inflation. So we must assess the good pace for normalising monetary policy,” he added. — Reuters
