ECB Governing Council member Francois Villeroy de Galhau said that inflation is well controlled and economic growth is in line with expectations. The Bank of France governor said in a statement on Tuesday that the price increase was “very well controlled.” According to previously released data, the Eurozone inflation rate rose slightly to 2.1%. Referring to the situation in France, he said that the increase in economic growth in the second quarter means that the economic outlook for the whole year will reach the central bank's forecast of at least 0.6%.

ECB Governing Council member Francois Villeroy de Galhau said that inflation is well controlled and economic growth is in line with expectations. The Bank of France governor said in a statement on Tuesday that the price increase was “very well controlled.” According to previously released data, the Eurozone inflation rate rose slightly to 2.1%. Referring to the situation in France, he said that the increase in economic growth in the second quarter means that the economic outlook for the whole year will reach the central bank's forecast of at least 0.6%.