Eurozone must avoid price spiral: France's Noyer

Christian Noyer, the governor of Banque de France, warned policymakers that the current wave of above-target inflation must not lead to a price and wage spiral.

"We must ensure that actions do not maintain inflation at the abnormally high level that it has reached for what should be a short period," Noyer, who is also a member of the European Central Bank's rate-setting Governing Council, told France Culture, a radio station, on Monday.

"We know that consumers and citizens react very badly wh

To continue reading...