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- ECB's Villeroy: France should escape recession this year, inflation still too high
ECB's Villeroy: France should escape recession this year, inflation still too high
European Central Bank (ECB) policymaker and French Central Bank head Francois Villeroy de Galhau said on Wednesday, France should escape recession this year but inflation is still too high.
Additional comments
Inflation too high in France but lowest of all euro zone countries.
Jobless rate in France should stay below 8% by 2024.
Companies in France have difficulties to hire people.
Purchasing power should decline by 1% in France this year.
Market reaction
EUR/USD was last seen trading down 0.34% on the day at 1.0487.
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