He European Central Bank increasingly confident that inflation The euro zone could fall to its 2% target by mid-2025after a few hectic months until then, the Spanish head of economic policy said on Wednesday, Pablo Hernández de Cos.
“Energy base effects, the dismantling of crisis-related fiscal measures and the relatively slow moderation of services inflation will cause inflation rates to fluctuate during 2024, before reaching our 2% target by mid 2025,” de Cos, governor of the Spanish central bank, said Wednesday in London.
“We are increasingly confident that we are on track to reach our 2% inflation target relatively soon,” he said, echoing the words of the head of the Dutch central bank, Klaas Knot, another influential voice on the 26-member Governing Council.
Source: Ambito
