Finance
ECB is confident that inflation will converge to target in 2025, De Guindos says
Published by Global Banking & Finance Review®
Posted on December 16, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 16, 2024
1 min readLast updated: January 27, 2026
ECB Vice-President Luis de Guindos is confident that inflation will reach the 2% target by 2025, supported by recent monetary policy actions.
MADRID (Reuters) - The European Central Bank is confident that inflation will converge to the 2% goal in 2025 as is reflected in its monetary policy, ECB's Vice-President Luis de Guindos said on Monday.
"If our inflation projections hold true, the (monetary policy) evolution Will continue the (rate cuts) trend we've had in recent months," he said.
Last week, the ECB cut interest rates for the fourth time this year and kept the door open to more easing as the euro zone economy is dragged down by political instability at home and the threat of a fresh U.S. trade war.
(Reporting by David Latona. Writing by Emma Pinedo, editing by Inti Landauro)
The main topic is the European Central Bank's confidence in reaching a 2% inflation target by 2025.
The ECB has cut interest rates four times this year and is open to more easing.
Luis de Guindos is the Vice-President of the European Central Bank.
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