ECB's Villeroy: We will bring inflation back to 2% by end-2024 or end-2025

“We will bring inflation back to 2% by end-2024 or end-2025,” European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday.

Additional quotes

“Inflation is still too high in France and in Europe.”

“Inflation should peak during the first semester.”

Market reaction

At the time of writing, EUR/USD is 0.16% higher on the day, trading at 1.0559.