ECB’s Villeroy: Inflation will probably come down towards 2% at the end of 2024

European Central Bank (ECB) Governing Council member and Bank of France head Francois Villeroy de Galhau said on Tuesday, “inflation will probably come down towards 2% at the end of 2024.”

Additional quotes

“We're likely at the inflation peak today.”

“Food price inflation will start to ease in 2h 2023.”

Market reaction

EUR/USD was last seen trading at 1.1050, up 0.07% on the day.