# ECB engaged in bringing down inflation to 2% in two to three years from now – Villeroy
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-10
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ECB Aims to Reduce Inflation to 2% in Next 2-3 Years
Meta Description: ECB member Francois Villeroy de Galhau stated a 2% target for Eurozone inflation, with planned monetary policy measures over the next few years.
URL: https://financedigest.com/ecb-engaged-in-bringing-down-inflation-to-2-in-two-to-three-years-from-now-villeroyhtml

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PARIS (Reuters) -The European Central Bank (ECB) is engaged in bringing down inflation to 2% percent in “two to three years” from now, ECB member and Bank of France head Francois Villeroy de Galhau told France Culture radio on Monday.

He reiterated that “close to 2%” was still the right target monetary policymakers at the ECB and elsewhere should pursue, adding the eurozone was “still far from it.”

Eurozone inflation accelerated to 10% last month.

It is a very strong signal the central bank sends to all [economic players that we will bring down inflation](https://www.financedigest.com/hotel-investors-should-they-be-worried-about-a-potential-economic-pause-delving-into-inflation-interest-rates-recession-etc.html "‘Hotel Investors – should they be worried about a potential economic pause?’ delving into inflation, interest rates, recession etc") to the target”, Villeroy said, adding that monetary policy measures will take two to three years to take full effect.

(Reporting by Tassilo Hummel;Editing by Sudip Kar-Gupta and Toby Chopra)


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