# ECB engaged in bringing down inflation to 2% in two to three years from now – Villeroy
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-10-10
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: ECB's Plan to Bring Down Inflation to 2% in two to three years
Meta Description: ECB member Villeroy states close to 2% remains the target for monetary policymakers, with measures expected to take full effect in 2-3 years.
URL: https://fintechherald.com/ecb-engaged-in-bringing-down-inflation-to-2-in-two-to-three-years-from-now-villeroy

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PARIS (Reuters) -The European Central Bank (ECB) is engaged in bringing down inflation to 2% percent in “two to three years” from now, ECB member and Bank of France head Francois Villeroy de Galhau told France Culture radio on Monday.

He reiterated that “close to 2%” was still the right target monetary policymakers at the ECB and elsewhere should pursue, adding the eurozone was “still far from it.”

Eurozone inflation accelerated to 10% last month.

“It is a very strong signal the central bank sends to all economic players that we will bring down inflation to the target”, Villeroy said, adding that monetary policy measures will take two to three years to take full effect.

(Reporting by Tassilo Hummel;Editing by Sudip Kar-Gupta and Toby Chopra)


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