By Reuters
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PARIS - Inflation should reach its peak in France and in Europe by the first half of next year, French ECB policymaker Francois Villeroy de Galhau said on Monday.
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"It is out of the question to let inflation settle in, it's a disease of the economy (...) inflation should peak in France and in Europe by the first half of next year," he said during an interview with France 5 television.
Villeroy, who is also head of the French central bank, said inflation should be back to around 2% - which is the ECB's target - by two or three years versus a 10.6% year-on-year inflation rate in October.
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