ECB's Villeroy: We are not very far from the peak of inflation

Eren Sengezer FXStreet

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that the Eurozone was not very far from the peak of inflation, as reported by Reuters.

"I don't think we have to choose between fighting inflation and avoiding a recession," Villeroy added and said the better economic environment makes their monetary tasks easier.

Market reaction

EUR/USD stays on the back foot following these comments and the pair was last seen trading at 1.0710, where it was down 0.18% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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