{"id":1967764,"date":"2023-07-09T07:34:02","date_gmt":"2023-07-09T11:34:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-central-bank-head-warns-against-raising-ecb-inflation-target\/"},"modified":"2023-07-09T07:34:53","modified_gmt":"2023-07-09T11:34:53","slug":"french-central-bank-head-warns-against-raising-ecb-inflation-target","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-central-bank-head-warns-against-raising-ecb-inflation-target\/","title":{"rendered":"French central bank chief cautions against increasing ECB inflation goal."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffrench-central-bank-head-warns-against-raising-ecb-inflation-target%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1967764&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>AIX-EN-PROVENCE, France (Reuters) \u2013<\/strong><\/p>\n<blockquote>\n<h2>France&#8217;s Central Bank Head Pushes Back Against Proposal to Raise ECB&#8217;s Inflation Target<\/h2>\n<p>France&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/france-germany-and-luxembourg-seize-assets-of-lebanon-central-bank-chief\/\" title=\"France, Germany and Luxembourg Seize Assets of Lebanon Central Bank Chief\">central bank head<\/a>, Francois Villeroy de Galhau, has responded to suggestions from French economists to increase the European Central Bank&#8217;s (ECB) inflation target of 2%. Villeroy, who sits on the ECB&#8217;s governing council, emphasized that interest rate hikes are nearing their peak and that rates will remain elevated for a sufficient period to impact the economy.<\/p>\n<\/blockquote>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The aim is to bring inflation down to the 2% target by 2025, Villeroy said at an economics conference in the southern French city of Aix-en-Province.<\/p>\n<p>Former IMF chief economist, Frenchman Olivier Blanchard, has long called for a higher inflation target than the 2% shared by most major central banks, arguing that the increased flexibility that would provide would outweigh the costs.<\/p>\n<p>Veteran French economist Patrick Artus also called for a higher target at the conference on Saturday and French Finance Minister Bruno Le Maire said that if economists were opening the debate there should be \u201cno taboos about transgression\u201d.<\/p>\n<p>In response, Villeroy said that a higher inflation target was a \u201cfalse good idea\u201d and would lead to higher rather than lower borrowing costs.<\/p>\n<p>\u201cIf we announced our inflation target is no longer 2% but 3%, lenders would <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-central-bank-head-warns-against-raising-ecb-inflation-target\/\" title=\"French central bank chief cautions against increasing ECB inflation goal.\">immediately demand higher interest rates<\/a>, at least 1% (more)\u201d in anticipation of higher inflation and uncertainty Villeroy said. <\/p>\n<p>Bank of England Governor Andrew Bailey said on the same panel that the 2% target was a good balance because it is low enough that people do not have to take inflation into account in their everyday economic decisions, while zero would be too low to allow for relative changes in prices.<\/p>\n<p>\u201cIf we change it, we will unpick not only that definition, we will unpick expectations,\u201d he said.<\/p>\n<\/p>\n<p> (Reporting by Leigh Thomas, additional reporting by William Schomberg in London; Editing by Elaine Hardcastle and Alexander Smith)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/french-central-bank-head\/attachment\/file-photo-francois-villeroy-de-galhau\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Mark Zuckerberg Releases New Threads App Amidst Controversy<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Poll Shows Jeff Landry Leading in Louisiana Governor Race<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Conservative Group Faces Implosion Amidst Founder&#8217;s Alignment with Presidential Candidate<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Mark Zuckerberg Introduces Rival Social Media App to Challenge Elon Musk<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Amazon Workers in Britain to Stage Three-Day Strike<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Chinese Authorities Impose $984 Million Fine<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>India&#8217;s AI4Bharat Raises $12 Million for Research<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Tesla Urges Stricter Vehicle Emissions Limits<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>AIX-EN-PROVENCE, France (Reuters) \u2013 Francois Villeroy de Galhau, head of France&#8217;s central bank, opposes the idea of increasing the European Central Bank&#8217;s (ECB) 2% inflation target, as suggested by some French economists. Villeroy, a member of the ECB&#8217;s governing council, also stated that interest rate hikes were nearing their peak.<\/p>\n","protected":false},"author":66,"featured_media":1967765,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1967764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1967764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1967764"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1967764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1967765"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1967764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1967764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1967764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}