Francois Villeroy de Galhau, a member of the European Central Bank’s (ECB) Governing Council and the head of the Bank of France, predicted that “inflation should go up a bit in 2021, but then fall down again in 2022 and 2023.”
“Look at the eurozone inflation rate of 1.4 percent.”
“Confident in the Bank of France’s own prediction for France’s economic growth in 2021, precisely 5.75 percent.”
The EUR/USD rose a few pips in response to the above statements, but remained in a tight range around 1.1900, up 0.07 percent on the day.
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