Remarks by ECB policymaker, Francois Villeroy de Galhau

  • French and European recovery is very strong
  • ECB policy must be vigilant, but can stay patient

Nothing that we haven't heard before but again, some subtle shifts in confidence. The key word in the headline being "expected" now.

Anyway, for as much as ECB policymakers are continuing to maintain that inflation is just transitory, I will keep posting the below picture too as an anecdote: