ECB’s Villeroy: Should get back to pre-pandemic levels of activity by year-end


The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said that the French economy should get back to pre-pandemic levels of activity by year-end.

Additional quotes

“Reaffirms earlier French economic growth forecast.”

“French auto sector underperforming but other areas of the economy are doing well.”

“Some French companies highlighting difficulties in hiring staff.”

Market reaction

At the time of writing, EUR/USD is sitting close to three-week highs of 1.1659, adding 0.38% on the day.

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