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France's Villeroy says ECB will "do what is necessary" to return inflation to 2%

Bank of France Governor Francois Villeroy de Galhau said Tuesday in Singapore that the European Central Bank will "do what is necessary" to bring inflation back to its 2% target in the medium term. He pointed to euro zone inflation rising to 3% in April from 2.6% in March after having slipped to 1.9% before the Feb. 28 strikes on Iran, amid concerns over energy-driven price pressures.

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