The rate of consumer-price rises in France has probably passed its peak, the country’s central bank governor, Francois Villeroy de Galhau, said on Wednesday.
“We said inflation will reach its peak during this semester,” he said during the presentation of the French Prudential Supervision and Resolution Authority (ACPR) annual report. “We’re very likely there. It’s even likely that we’ve passed the peak and so inflation will come down in France, as we said, between now and the end of the year, even if it won’t be sufficient.”
Read More : ECB’s Villeroy Indicates French Inflation Likely Over its Peak