ECB Ready to Act Against Inflation, Says Villeroy – Latest Update

ECB will not hesitate to act to bring down inflation, Villeroy says Table of Contents ECB’s Commitment to Inflation Control Villeroy’s Assurance to Households and Businesses ECB’s Inflation Target Leadership Transition at the Bank of France Villeroy’s Departure Emmanuel Moulin’s Appointment Background of the New Governor ECB Will Not Hesitate to Act to Bring Down Inflation, Villeroy Reaffirms ECB’s Commitment to Inflation Control Villeroy’s Assurance to Households and Businesses PARIS, May 26 (Reuters) - The European Central Bank will not hesitate to act to bring down inflation, Bank of France ‌Governor Francois Villeroy de Galhau said in an interview with Le Figaro newspaper that was released on Monday evening. ECB’s Inflation Target "Households and businesses can trust us to bring inflation back down to 2% in the medium term; we will not hesitate to act to achieve this if necessary," said Villeroy, who is also a member of the ECB's governing council. Leadership Transition at the Bank of France Villeroy’s Departure Villeroy is set to leave his job at the helm of the Bank of France at the end of the month. Emmanuel Moulin’s Appointment Background of the New Governor Emmanuel Moulin, President Emmanuel Macron's former chief of staff, won lawmakers' approval to become the head of the country's central bank from next month. (Reporting by Inti Landauro; Editing by Jamie Freed)