(Finance) – This morning’s data “show that overall inflation and core inflation are gradually decreasing across Europe, underlining theeffectiveness of the European Central Bank’s monetary policy“. He wrote it Francois Villeroy de Galhaugovernor of the Bank of France and member of the Governing Council of the ECB, in a post on LinkedIn.
“These data they strengthen our confidence that inflation in the Eurozone and France will return towards target of 2% by 2025, confirming that the current level of our benchmark interest rates is appropriate – he added – The recent volatility in the long-term bond market has been somewhat excessive”.