ECB policy on path to normalization amid higher inflation: Villeroy

BUENOS AIRES (Reuters) – The European Central Bank is on a path towards normalizing its ultra-easy monetary policy as inflation in the euro zone accelerates, albeit slower than expected, ECB policymaker Francois Villeroy de Galhau said on Sunday.

“We are making progress on the inflation front… although a bit slower than we had expected,” Villeroy de Galhau, the governor of France’s central bank, said before attending a G20 summit in Buenos Aires. “Our policy is on a path to normalization.”

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