Villeroy de Galhau is governor of France’s central bank, he was speaking going into the G20 meeting in Buenos Aires:
- European Central Bank “policy is on a path to normalisation”
- “We are making progress on the inflation front… although a bit slower than we had expected,”
Yep, normalisation will be a slow process indeed, but its on the way likely this year. Watch inflation results for trying to judge the pace.