The European Central Bank is in the process of curbing inflation to attain the two percent inflation target but ECB policy maker Francois Villeroy de Galhau pointed that a monetary easing is still needed. He said that the risk of deflation has been cleared despite the fact the target inflation is still a long way to go. Thus, he concluded that an “accommodative monetary policy” implying that their decision is relative to the economic condition of the economy moving towards the target rate.
