Latest news with #FrancoisVilleroy
Reuters
5 days ago
- Business
- Reuters
French central bank head says budget plan goes in right direction
PARIS, July 17 (Reuters) - French Prime Minister Francois Bayrou's budget tightening plan announced this week goes in the right direction although some details needed to clarified, French central bank governor Francois Villeroy de Galhau said on Thursday. Bayrou proposed on Tuesday scrapping two public holidays and freezing most public spending as part of a 43.8 billion euro ($51 billion) budget squeeze to get the deficit down next year. In reaction, Villeroy said that some savings measures remained to be documented in detail and debated in parliament, where opposition parties were quick to criticize the package. "Subject to this important reservation, the general direction seems to be moving in the right direction to finally bring our public debt under control, while preserving growth by reducing budgetary uncertainty and pursuing certain fundamental reforms," Villeroy told journalists.
Bloomberg
07-07-2025
- Business
- Bloomberg
ECB's Villeroy Sees Quantitative Easing as Best Unconventional Policy Tool
The European Central Bank's best unconventional instrument for steering monetary policy is large-scale asset purchases, according to Governing Council member Francois Villeroy de Galhau. In an op-ed published Monday following the ECB's recent strategy review, the French central-bank chief said so-called quantitative easing 'should be our first choice' to bring about a 'lasting change' when interest rates are already at zero.
Yahoo
04-07-2025
- Business
- Yahoo
Euro Appreciation Has Disinflationary Effect: Villeroy
European Central Bank Governing Council Member Francois Villeroy discusses the appreciation of the euro and says the ECB doesn't have "any specific target for the exchange rate." He adds that an appreciation of the single currency "has a clear disinflationary effect." The Banque de France Governor also talks about inflation in the euro-area, the bloc's growth path, as well as the economic situation in France. He speaks to Bloomberg's Caroline Connan in Aix-en-Provence, France. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
04-07-2025
- Business
- Bloomberg
ECB Risks 2% Undershoot If Euro Strength Persists, Villeroy Says
The European Central Bank is at greater risk of undershooting its inflation target following a sharp appreciation of the exchange rate, Governing Council member Francois Villeroy de Galhau said. Policymakers can't adopt an approach of 'benign neglect' after gains of the magnitude seen since the start of the year, the Bank of France Governor said in an interview with Bloomberg Television on the sidelines of a conference in Aix-en-Provence, France.
Bloomberg
24-06-2025
- Business
- Bloomberg
ECB Can Still Cut Rates in Next Six Months, Villeroy Tells FT
The European Central Bank could still cut interest rates in the next half year, Governing Council member Francois Villeroy de Galhau told the Financial Times. 'If we look at the present assessment of markets so far, inflation expectations remain moderate,' the French official said in an interview published Tuesday, echoing comments from last week. 'If that was confirmed, it could possibly lead in the next six months to a further accommodation.'
