Published by Global Banking & Finance Review®
Posted on June 27, 2025
1 min readLast updated: January 23, 2026
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ECB Vice President De Guindos is confident in meeting the 2% inflation target, with recent interest rate cuts aiding this goal.
MADRID (Reuters) -The European Central Bank is on track to meet is 2% inflation target, the institution's Vice President Luis de Guindos said on Friday.
"We are confident we will meet the inflation target, which is why we lowered interest rates", he told Spanish TV broadcasther Antena 3.
The ECB cut interest rates this month for the eighth time in the past year and signalled at least a policy pause next month as it waits for the fog to clear surrounding trade tensions with the United States.
Euro zone inflation, which briefly hit double digits in late 2022, fell to 1.9% last month and the ECB expects it to stay below its 2% goal next year.
(Reporting by Jesús Aguado; editing by Inti Landauro)
Luis de Guindos stated that the European Central Bank is on track to meet its 2% inflation target.
The ECB has cut interest rates eight times this year.
The Euro zone inflation rate fell to 1.9% last month.
The ECB expects inflation to remain below its 2% goal next year.
The ECB lowered interest rates as part of its confidence in meeting the inflation target.
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