The recent increase in oil prices won’t derail the European Central Bank’s fight to tame inflation, according to Governing Council member Francois Villeroy de Galhau. “We’re very attentive, but doesn’t put into doubt the underlying disinflation,” he told France Inter radio on Saturday. “Our outlook and engagement is to bring inflation to around 2% in 2025.” The ECB’s latest inflation forecast — which predicts consumer-price growth slowing to that level — is based on an estimate of a $82.7-per-barrel oil price this year dropping to $77.9 in 2025. Yet the recent jolt in crude suggests that $100 per barrel is back in ... (full story)