Releasing the screw? Monetary policy at a crossroad
· 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
FV · François Villeroy de Galhau Wiki · Banque de France WikiReleasing the screw? Monetary policy at a crossroadContextSpeech to the Economic Club of New York; the Banque de France keeps prices stable and prepares the first euro area rate cut as inflation falls.
Why it mattersVilleroy says the ECB can start releasing restriction as inflation falls.
Problems raised- Monetary policy is at a crossroad.
- The world is risky.
- Inflation uncertainty remains.
Solutions proposed- Start releasing monetary restriction.
- Use clear criteria for rate cuts.
- Keep transatlantic dialogue.
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