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.