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ECB's Villeroy Calls for Flexibility Amid Inflation Risks

12/6/2025

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Summary

Story summary

Francois Villeroy de Galhau, a European Central Bank policymaker, urged flexibility amid balanced inflation risks.
Euro zone inflation rose slightly to 2.2% and remains near the ECB's 2% target.
He cited upside risks like supply chain issues and downside risks including slower wage growth and a stronger euro.
He rejected keeping powder dry for future rate moves, saying both positive and negative deviations from the target are undesirable.

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Story summary

Francois Villeroy de Galhau, a European Central Bank policymaker, urged flexibility amid balanced inflation risks.
Euro zone inflation rose slightly to 2.2% and remains near the ECB's 2% target.
He cited upside risks like supply chain issues and downside risks including slower wage growth and a stronger euro.
He rejected keeping powder dry for future rate moves, saying both positive and negative deviations from the target are undesirable.