Francois Villeroy de Galhau, a member of the European Central Bank and Governor of the Bank of France, said during a speech in Paris on Tuesday that the central bank is committed to achieving the inflation target of 2% by next year, despite the expected fluctuations in monthly data throughout this year.
- We monitor the actual inflation data, especially for services.
- Monthly figures will be volatile due to fundamental effects on energy.
- This noise doesn't make much sense.
- We are still moving more towards expectations.
- We will reach the inflation target with a soft landing.
Although the ECB has recently cut interest rates by a quarter of a percentage point, some officials within the bank have expressed caution regarding the possibility of further rate cuts.
