Inflation to Return to the 2% Target Tate in 2025 – ECB
According to Christine Lagarde, the president of the European Central Bank (ECB), inflation in the Eurozone will slow down in the coming years and in 2025, it will reach the target of 2%.
As Europe’s main banker says, he is not afraid of the political side of the central bank’s decisions, which is directly related to the assessment of the heads of several European states, as if a stricter monetary policy will lead to the death of the Eurozone economy.
“Our mandate is to ensure price stability, and this is the most important contribution we can make to society and social peace, especially for its most vulnerable members,” Lagarde said.
In October, the annual inflation rate of the Eurozone was 2.9%, which is 2.4 percentage points lower than in September. At the same time, the Eurozone economy is expected to grow by only 0.7% this year. According to the forecast of the European Central Bank, the growth will accelerate in the following years and will reach 1% in 2024 and 1.5% in 2025.