Comments from Villeroy in Paris

  • Unanchoring of inflation expectations is a risk
  • 2% inflation target is 'indispensable anchor'
  • ECB can meet its inflation target
  • Output gap is essential indicator for ECB

The usual platitudes.

More:

  • No sign of excessive credit growth in Eurozone
  • Eurozone's main markets show no signs of bubbles
  • ECB policies have added 0.3 points to French growth