(Bloomberg) – French Central Bank Governor Francois Villeroy de Galhau said French inflation is expected to peak before June and the European Central Bank will do everything in its power to bring prices back in the bloc towards its target of 2%.

“The peak is near, but inflation is still too high today in France and Europe, Villeroy said Thursday on France Info. We will bring inflation down to 2% by the end of 2024 or the beginning of 2025; c is a commitment, not just a forecast.

Villeroy added that high food inflation could last for a few more months before starting to slow at the end of the year.

For his part, French Finance Minister Bruno Le Maire told CNEWS that inflation in France would start to fall “from mid-2023”.

Nota Original: The ECB will do what it takes to bring inflation down, says Villeroy

–With the collaboration of Julien Ponthus.

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