ECB’s Villeroy: Inflation is too high and too broad

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday, inflation is too high and too broad.

Additional quotes

Normalization of the ECB policy is required.

European growth will be slower in next two years.

Market reaction

EUR/USD is fast approaching the 1.0700 level, adding 0.37% so far.

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