Villeroy urges ECB caution and readiness on rate hikes

8 articles · Updated · Bloomberg · May 4

The outgoing Bank of France chief said policymakers need a critical mass of data on core inflation, wages and business and consumer price expectations before tightening.
He said the ECB should act if inflation broadens beyond an oil-price surge, but also weigh whether weaker demand and slower growth could ease price pressures.
His comments highlight the euro zone’s policy dilemma as officials assess whether energy-driven inflation risks becoming more persistent across the wider economy.

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