ECB Must Focus on Underlying Inflation, Villeroy Says

ECB Must Focus on Underlying Inflation, Villeroy Says
European Central Bank policymaker Francois Villeroy de Galhau attends the Paris Europlace International Financial Forum in Tokyo on Nov. 19, 2018. Toru Hanai/Reuters
Reuters
Updated:

PARIS—The European Central Bank (ECB) needs to look beyond short-term swings in energy prices and focus on underlying inflation trends, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

Villeroy, who was speaking at a sustainability conference organised by The Economist magazine, said the ECB needed to normalise monetary policy to keep people’s inflation expectations anchored.