European Central Bank (ECB) Governing Council member Mario Centeno commented on Friday during a presentation that the inflation rate in the euro area is likely to continue going down and will approach 1% by the beginning of 2026.
"We successfully overcame the inflationary process," he said, adding that the United States tariffs are "deflationary" and that the ECB's monetary policy is in a "cycle of reducing rates."
Centeno remarked that all the recent data points to the fact that such a cycle will continue in 2025. Nonetheless, he said that he is unsure "at what pace [interest] rate moves will happen."
