ECB Governing Council member, Bank of France Governor Francois Villeroy de Galhau told BFM Business radio that the economies in France and the euro zone should be back to pre-COVID levels in early 2022 or maybe earlier.
He added there is no risk of higher inflation at this stage, and there is no risk of a sustainable surge in inflation in the Eurozone. He expected PEPP purchases to be there until at least March 2022. There is no urgency to decide on asset purchases at the September meeting.
