ECB Totally Determined to Meet Inflation Target, Villeroy Says

The European Central Bank is determined to meet its inflation goal, Governing Council member Francois Villeroy de Galhau said.

“We are fully committed to stabilizing inflation at our medium-term target of 2%,” he said on Ecorama. “We are facing uncertainty, and waiting today will allow us to see which scenario is unfolding. We actually published several different scenarios yesterday. But we have the capacity to act as much as necessary and when necessary.”