Mobilization of the Eurosystem against inflation
· François Villeroy de Galhau, Governor of the Banque de France (France)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature
FV · François Villeroy de Galhau Wiki · Banque de France WikiMobilization of the Eurosystem against inflationContextSpeech at the Eurofi forum in Prague; the Banque de France keeps prices stable as the Eurosystem raises rates against inflation.
Why it mattersVilleroy explains the Eurosystem's mobilisation against inflation.
Problems raised- Inflation in the euro area is far too high.
- The period is very volatile.
- Energy prices drive inflation.
Solutions proposed- Mobilise the Eurosystem against inflation.
- Normalise monetary policy decisively.
- Keep inflation expectations anchored.
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