ECB's Villeroy: Inflation is too high and too broad

  • Remarks by ECB policymaker, Francois Villeroy de Galhau
  • Normalisation of policy is required
  • European growth will be slower in the next two years

He's offering no suggestion that they may jump the gun to push for a rate hike next week. As such, I'm not sure what else should he be bitching about if they are just going to wait for another whole month while proclaiming that inflation is getting out of hand. I know it's not like rate hikes can solve the issue but whining isn't going to help either. Pfft.

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