ECB's Nagel: 2% inflation target expected by 2025 end - Breaking The News

ECB's Nagel: 2% inflation target expected by 2025 end

10 July

1 min read

EPA-EFE/KIYOSHI OTA

European Central Bank (ECB) Governing Council member and Bundesbank President Joachim Nagel said Wednesday that expectations for the inflation to reach its 2% target are set for late 2025 "at the latest."

In an interview with the Tagesspiegel newspaper, Nagel said the consumer prices forecast makes the June interest rate "consistent." However, he called attention to goods and services prices that are still increasing "significantly."

Regarding the next interest rate, Nagel stated the ECB will continue acting "based on the data situation." "The ECB Governing Council will therefore review its course at each meeting and remain cautious," he emphasized.

inflation interest rates ecb nagel

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