European Central Bank (ECB) President Christine Lagarde has suggested that inflation in the euro zone could fall to the central bank’s target sooner than expected. In a recent statement, Lagarde expressed confidence in achieving the inflation target sustainably through 2025.
Speaking at a Bloomberg Newsmaker event, Lagarde expressed optimism about the outlook for inflation, with the possibility of reaching the 2% target sooner than expected in the ECB’s latest forecast, set for the final quarter of 2025. suggested that there is.
“We are absolutely confident that we can achieve that goal sustainably through 2025,” he said, adding that he hoped this would be achieved sooner than expected.
The ECB is closely monitoring developments in inflation in the euro area, and the ECB President’s comments reflect a positive change in expectations regarding the inflation control timeline. The central bank’s main mission is to ensure price stability, and returning to the target inflation rate is an important milestone in monetary policy efforts.
Reuters contributed to this article.
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