Commenting on the Euro area growth and inflation outlook, European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau said that “inflation should go up a bit in 2021, but then go down again in 2022 and 2023.”
Additional quotes
“See eurozone inflation at 1.4%.”
“Confident over the Bank of France's own economic growth forecast for France in 2021, namely for 5.75%. “
EUR/USD reaction
EUR/USD perked up a few pips higher on the above comments, although keeps its range around 1.1900, up 0.07% on the day.