ECB’s Villeroy: Inflation Will Return to 2% Target ‘Very, Very Soon’

14 March 2025

By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau said on Friday that the ECB would return to its 2% inflation target in 2025.

In an interview with French Radio Inter, Villeroy, who heads the Banque de France, said that victory against inflation was ‘assured’ in France and ‘it is ongoing, and very, very soon in Europe.’

Inflation had fallen to around 1% in France, he said, and would return to an average of 2% in Europe.

‘We will not go back on prices, but during this time, wages, pensions, and social benefits have also increased’, he added.

US President Donald Trump’s policies were ‘bad news, first and foremost, for the American economy’, he said.

‘[W]hile the American economy was doing very well at the beginning of the year, some are revising their forecasts for American growth downwards and are starting to talk about a risk of recession in the United States, so it's a losing policy’, he said.