PARIS, March 31 (Archyde.com) – The European Central Bank (ECB) still has a “little way” to go in raising interest rates to curb underlying inflation, says the governor of the Bank of France, François Villeroy de Galhau, in an interview published on Friday.
Headline inflation in the euro zone posted its most marked slowdown in March, but excluding volatile elements, price increases have increased, according to data released earlier Friday by Eurostat.
“We will only have won the battle against inflation when we have also dealt with this underlying inflation”, François Villeroy de Galhau told the Frankfurter Allgemeine Zeitung.
“There is no question of letting go. We have come most of the way up the rate hikes, but we may still have a little way to go,” he adds. (Written by Thomas Leigh, Blandine Hénault for the French version, edited by Matthieu Protard)
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