Francois Villeroy de Galhau, Governor of Banque de France, and a Governing Council member at the European Central Bank .
- ECB is working to bring down inflation to 2% in 2 to 3 years
- the right inflation target is around 2%
- we are a long way from reaching 2% in the euro zone
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
Inflation expectations are key, but it is positive they still are close to our target
Headlines via Reuters. I'm not sure of the venue/event/media he is speaking at/to.
Governor of the Banque de France Villeroy