Vigilant ECB Hasn’t Yet Seen Second-Round Effects, Villeroy Says

Francois Villeroy de Galhau, governor of France's central bank, during a news conference at the G-7 Finance meeting in Paris, France, on Tuesday, May 19, 2026. France, which chairs the Group of Seven finance meeting this year, has set its top priority as tackling so-called imbalances ranging from the US budget deficit to China’s weak consumption and under-investment in Europe. Photographer: Benjamin Girette/Bloomberg