India, May 26 -- The European Central Bank "will do what is necessary" to bring inflation back to the 2 percent target, ECB policymaker and Bank of France Governor Villeroy de Galhau said in an interview to the broadcaster CNBC on Tuesday.
Eurozone has been witnessing steadily rising inflation since the war in Iran began. Energy costs have surged owing to the rising crude oil price, triggered by the supply disruptions caused by the closure of the Strait of Hormuz. Headline inflation in the euro area shot up to 3 percent in April from 2.6 percent in the previous month.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....