ECB's Centeno says euro zone inflation 'almost out of the woods'

LISBON (Reuters) - European Central Bank policymaker Mario Centeno said on Friday he expects inflation to fall to its medium-term target of 2% in a sustainable manner as the euro zone is "almost out of the woods" in the inflationary cycle.

Speaking at a conference in Lisbon, Centeno said the euro zone was on its way to normalizing monetary policy.

"We are in process of reaching that target in the medium term in a stable way," he said.

(Reporting by Sergio Goncalves; editing by Charlie Devereux)