ECB Villeroy: Policy normalization should be gradual but resolute

ECB Governing Council member Francois Villeroy de Galhau said in Pairs, “inflation is not only too high, but also too broad. This requires a normalization of monetary policy — I say normalization and not tightening.” He added that the normalization process should be “gradual but resolute” “Fiscal policy will itself be further constrained by the […]

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