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ECB's Centeno Says Euro Zone Inflation 'almost Out of the Woods'
Published by Global Banking & Finance Review®
Posted on March 7, 2025
1 min readLast updated: January 25, 2026
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ECB's Mario Centeno expects euro zone inflation to sustainably reach the 2% target, indicating a normalization of monetary policy.
Mario Centeno: Euro Zone Inflation Nearing Sustainable Target
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)
Key Takeaways
- •Mario Centeno expects euro zone inflation to hit 2% target.
- •Inflation is nearing a sustainable level, says Centeno.
- •Euro zone is close to exiting the inflationary cycle.
- •Monetary policy normalization is underway.
- •Centeno spoke at a Lisbon conference.
Frequently Asked Questions about ECB's Centeno says euro zone inflation 'almost out of the woods'
1What did Mario Centeno say about euro zone inflation?
Mario Centeno stated that he expects inflation to fall to its medium-term target of 2% in a sustainable manner, indicating that the euro zone is 'almost out of the woods.'
2Where did Centeno speak about inflation?
Centeno spoke at a conference in Lisbon, where he discussed the progress of the euro zone towards normalizing monetary policy.
3What is the medium-term target for euro zone inflation?
The medium-term target for euro zone inflation is 2%, which Centeno believes is achievable in a stable manner.