European Central Bank Governing Council Member Francois Villeroy de Galhau discusses the appreciation of the euro and says the ECB doesn’t have "any specific target for the exchange rate." He adds that an appreciation of the single currency "has a clear disinflationary effect." The Banque de France Governor also talks about inflation in the euro-area, the bloc’s growth path, as well as the economic situation in France. He speaks to Bloomberg’s Caroline Connan in Aix-en-Provence, France.

00:00 – Bank of France Governor Francois Villeroy on euro appreciation, exchange rate, risks
02:08 – ECB inflation targets, disiflationary effect and risks of euro appreciation, trade deal
04:33 – Reaction function of ECB rate cuts
05:36 – Inflation, growth path
06:42 – Inflation situation in France, economy and competitiveness in France, growth "too slow"

——–
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