ECB's Villeroy: We're not close to our inflation target

ECB and French central bank head, Francois Villeroy in Davos

  • There are signs of progress on meeting the ECB's targets

  • There are signs that the Eurozone has potential growth upside

  • The Eurozone economy may be better than expected

  • We have not spoken about tapering

  • The ECB's 2% inflation goal is a mid-term objective

  • The EU single market cannot be divided (swinging into politics now)

  • Has had serious contact on bringing bank jobs to Paris

There's your central bank political independence right there folks.

  • The ECB's mandate is for average Eurozone inflation

  • The temporary peak in German inflation is acceptable (righto)

  • Eurozone price stability is good for the German economy

I can hear the feathers being spat in Germany as I type.

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