MNI BRIEF: ECB's Villeroy Sees Scant Inflation Risk For Europe

There is little in the way of inflationary risk in the eurozone and the European Central Bank can almost say “mission accomplished” regarding prices, Bank of France Governor Francois Villeroy de Galhau said on Wednesday.

The governor said he hopes the 90 days tariff reprieve will be used to “seriously talk," noting that so far Europeans has reacted in a very united manner. Against the backdrop of a sharp U.S. policy U-turn on trade and foreign policy, Europe is becoming a “safe haven of rule of law and social cohesion." Consolidating this status will require bold moves, he added. (See MNI INTERVIEW: ECB To Stick To QT Despite Turmoil-Papadia)