Interview in Les Echos

ECB's Villeroy's (new governor of the Banque of France) comments in an interview with Les Echos (CLICK HERE) and says:

  • French economy is not growing fast enough.
  • French growth to be slightly above 1% 2015
  • France recovery is consumer led. Business leaders have yet been confident to increase business investments.
  • In favor of European budget committee.
  • December easing depends on serious analysis.
  • There is a strong commitment to active monetary policy
  • ECB avoided deflation despite lower oil and commodities and inflation expectations are higher even if they are still too far from the targeted goal.
  • The exchange rates is not a target we assign. It is an element that goes into ECBs analysis of inflation.