ECB 'Very Confident' It Will Meet Inflation Goal, Villeroy Says.

The European Central Bank is confident it will reach its 2% inflation target earlier than expected, according to Bank of France governor Francois Villeroy de Galhau. Villeroy emphasized a data-driven approach to monetary policy to prevent inflation from falling too low in the future. Despite concerns about a longer-term growth problem in Europe, Villeroy believes the economy is achieving a soft landing after a recent inflation spike. [Extracted from the article]