ECB’s Villeroy: ECB’s QE working, inflation should rise above 1% in coming months

ECB governing council member and Bank of France head Villeroy was on the wires last minutes, speaking to Europe 1 Radio on the French growth outlook as well on the ECB monetary policy program.       

Key Quotes:

See French 2016 economic growth of 1.4%, Q3 seen at 0.3%

Growth is holding up but has hit a ceiling

Reforms pay off in terms of growth

France needs to meet its deficit reduction pledges

ECB's asset purchase programme is working

inflation should rise above 1% in coming months

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